Lates News

The unexpected Trump tariffs have caused the depreciation of the US dollar, subsequently 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 at the beginning of the year, Bloomberg's index measuring the US dollar has dropped significantly in recent months due to investors pulling out of US assets over Trump's tariff policies. Since the beginning of this year, the US dollar has fallen more than 6%, marking the worst performance at the start of the index's existence over the past 20 years. Companies like Meta Platforms and Microsoft now anticipate that foreign exchange factors will increase their revenues by hundreds of millions of dollars, while McDonald's expects exchange rates to increase earnings per share by 5 cents for the year, instead of the previously estimated decrease of 20 to 30 cents per share.