| Currency volatility’s blow to corporate earnings and revenue is at its highest level in years— amounting to a total cost of at least $31.7 billion for North American and European companies in the first quarter, up from $20.2 billion in the fourth quarter.
North American and European companies that told investors they struggled with foreign currency on quarterly conference calls reported a 57% increase in hits to sales and earnings from currency movements, according to a study by FiREApps. A foreign exchange risk management company, FiREApps analyzed 1200 conference calls to arrive at the latest figure, which was the highest in years...............................................Full Article: Source
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