Soaring Dollar Is Yet Another Risk To Earnings Growth

The US dollar has recovered 50% of its losses from mid-January, and this could severely hamper the United States’ economic recovery, that’s the main takeaway from a new research report from Credit Suisse sent to clients today. Strong dollar is yet another risk to earnings growth From the beginning of January to around the middle of April, the US dollar Broad Index, declined by around 6% as the market began to price in a normalisation of the interest rate cycle and faster economic growth overseas. However, since mid-April the Fed has failed to convince markets that it’s hiking cycle is in…