The dollar has remained steady despite expectations for lower interest rates, posing a challenge for large multinational companies that need to convert foreign profits into the U.S. currency. The WSJ Dollar Index, which tracks the dollar against a basket of 16 other currencies, rose 1.8% in the 12-month period that ended in June. It has remained steady so far this month and rose 0.4% Tuesday after figures showed U.S. retail sales rose more than expected in June, another sign of resilient consumer spending.

Source: Wall Street Journal July 16, 2019 16:12 UTC