Stronger US dollar a headwind for US big tech earnings
ANALYSIS: Extent to which profitability of some US companies gets hit by strength of the USD is surprising.
The strength of the USD presents a challenge to the profitability of listed companies.
The US dollar has been remarkably strong this year. Measured using Intercontinental Exchange’s US Dollar Index, the greenback has risen 17% since the start of the year, taking it to its highest level since 2002.[image src="https://d2xgqyuql1olth.cloudfront.net/assets/US-Dollar-index-nominal.png" id="86536" width="896" height="612"
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