Companies Brace for Profit Hit From Euro Rally

United Kingdom News News

Companies Brace for Profit Hit From Euro Rally
United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The eurozone’s recent currency strength spells profit trouble for companies emerging from the Covid-19 crisis, including automakers such as Fiat Chrysler and Ferrari

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

The euro has climbed 5.6% against the dollar this year, its biggest advance since 2017. On Sept. 1, it surpassed $1.20 for the first time since May 2018.

The currency is near an all-time high on what is known as a trade-weighted basis. That means the euro has also strengthened against the currencies of other major trading partners, including...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in UK
 

Earn with the THE WORLD FOREX EXPERT TRADERS the best binary and Forex platform , i made $10, 000 within a week with just $1500 investment I never believed it's real till I gave it a try Contact the admin Mr Abrantes Rene via Twitter 👇👇👇 abrantesrene

We should have known that was coming.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines



Render Time: 2025-01-19 15:01:40