How the U.S. Dollar Impacts Bank Profits
March 31, 2016 at 15:55 PM EDT
The dollar’s value has a tremendous impact on the economy. Domestic companies that earn profits overseas must convert those profits back into U.S. dollars, which can result in losses for investors analyzing revenue and profits in dollar terms. Companies selling products overseas may also see slow sales since their dollar-priced products are more expensive than products denominated in foreign currencies like the euro or yen.