The US dollar has caused US companies to lose 40 billion yuan in half a year

[Global Times Comprehensive Report] As the US dollar index rose to nearly 20 years, American companies' operations are suffering a huge impact. The British "Financial Times" reported on the 12th that for some multinational companies, the impact of exchange rate fluctuation impact may determine whether the performance in the second half of this year is growth or contraction. The strong US dollar has caused the value of the company's overseas revenue to shrink, and at the same time, it has also led to a rise in product costs and reduced competitiveness in overseas markets.

The report quoted Goldman Sachs data that the US business index with a large scale of overseas business has fallen by 15%this year, while the US business index with large domestic business declines by 7%. The performance of the two in 2021 was basically the same; in 2020 and 2019, the performance of American companies with large overseas business was better than companies with large domestic business. Fintech company Kyriba believes that due to the exchange rate, it is expected that North American companies will lose about $ 40 billion in profits in the first half of this year. In contrast, the exchange rate loss in the first half of last year was $ 8 billion. Microsoft became the first large company to issue profit early warnings due to exchange rate issues this month. Earlier, Microsoft just released optimistic performance expectations, but eventually reduced the revenue scale by 460 million US dollars. (Zhen Xiang)

- END -