Rising dollar pressures earnings as companies from Amazon to McDonald's signal more pain ahead

Published On Feb 17, 2025, 10:02 AM

The US dollar has strengthened significantly, affecting the earnings of various major companies, including those heavily reliant on foreign revenue like Apple, Amazon, and McDonald's. As a result, these companies have reported adverse impacts on their earnings forecasts due to unfavorable foreign-exchange conversions, contributing to growth slowdowns and revised guidance. The strong dollar trend is expected to continue due to ongoing economic conditions and government policies, including tariffs that may support dollar strength in the near future.