Coupled with comments suggesting that the Trump administration favors a weaker currency, that could shift the picture for the current quarter. Comments this week by President Donald Trump and a top economics adviser suggested to some that the administration is prepared to jettison two decades of "strong dollar" policies advocated by predecessors. A strong dollar is a worry for equity investors because it makes U.S. multinationals' foreign currency earnings worth less in dollars. Executives from a slew of U.S. companies cited the strong dollar as a negative in their fourth-quarter reports and also concern about its effect on 2017 results. Among them, Apple gave a cautious outlook for the current quarter that it mainly attributed to the strong dollar, despite its upbeat fourth-quarter results.

Source: The Edge Markets February 04, 2017 01:27 UTC