- June 26, 2022
- Posted by: Stratford Team
- Category: Economy
No Comments
- The US dollar is the strongest it’s been in two decades, thanks in part to high inflation.
- Goldman Sachs says domestically oriented companies are beating the market in 2022.
- Those companies are less exposed to the currency rate moves affecting Apple, Pfizer, and others.
Inflation is at a 40-year high and interest rates are climbing. A lot of attention is being paid to what that means for shoppers, homebuyers, borrowers, and others.
A lesser-known side effect, but still an important one, is that the dollar hasn’t been this strong in 20 years. Experts think that’s likely to endure for at least a while because rates are going to keep rising. It’s becoming an issue for US companies that make a lot of their sales overseas, as they’re warning that currency fluctuations could hurt their profits.
That’s contributing to worse performance…
