US Dollar dilemma turned into good news, several multinational companies saw a boost in their first-quarter financial reports.
Trump's unexpected tariffs have caused the devaluation of the US dollar, thereby boosting corporate profits, which is one of the few bright spots in the North American first quarter earnings season. Contrary to analysts' and executives' expectations earlier this year, Bloomberg's index measuring the US dollar has dropped significantly in recent months, as investors have withdrawn from US assets due to Trump's tariff policy. Since the beginning of this year, the dollar has fallen by more than 6%, marking the worst start for the index since it was introduced 20 years ago. Companies like Meta Platforms and Microsoft now expect foreign exchange factors to increase their income by hundreds of millions of dollars, while McDonald's expects the exchange rate to increase annual earnings per share by 5 cents, rather than the previously expected decrease of 20 to 30 cents per share.
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