The U.S. dollar’s surge this year is likely to dent third-quarter earnings at big multinational corporations and stir consternation in a stock market that is already grappling with trade tensions and higher interest rates. The greenback has risen 4.3% against a basket of 16 other currencies in 2018, even after growth slowed this quarter to 1.9%. The stronger dollar makes converting foreign profits into the U.S. currency more expensive, dragging earnings lower at dozens of companies including Johnson & JohnsonNike Inc....

Source: Wall Street Journal September 29, 2018 15:56 UTC