Tuesday, July 17, 2007

Weak dollar blows a strong profit tailwind

(Reuters) - The currency's slide is delivering a generous boost to sales and earnings for many U.S. companies, a trend most analysts see continuing through the year.




Those deriving the greatest benefit generate a significant portion of business beyond U.S. borders, where the weak greenback makes their goods cheaper to foreign buyers and profits generated in those markets are amplified when translated back into dollars.


Read more at Reuters.com Market News

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