A Falling Dollar Could Hamper Eurozone EPS Growth
A falling dollar could be one of the downside risks facing the Eurozone’s recovery next year, with every 10% change in trade weighted EUR/USD reducing Eurozone earnings by nearly 7% according to Morgan Stanley analyst Matthew Garman.
Eurozone sensitive to exchange rate
“We estimate every 10% rise in the trade-weighted euro subtracts around 3% from European earnings,” writes Garman, but since the Eurozone is more . . .
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