Heh, I thought this hysterically funny.
The article is about how some US companies are poised to blame the value of the dollar for their lack of earnings.
Apparently, the world is expecting the US dollar to strengthen in the coming days.
Most economists are forecasting the greenback will strengthen this year, with a Reuters poll released August 9 forecasting the euro will fall to $1.260 in six months. As of Friday, the euro was at $1.333. The dollar is expected to rise to 104 yen six months from now; it is currently at 97.59 yen.
Even though the dollar has shown a lot of volatility, it hasn’t gained much this year, weakening recently against the euro, yen and pound. The U.S. dollar index <.DXY> is down 2.2 percent so far in the third quarter, and it is up just 2 percent since the start of the year.
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