Fitch rating agency says higher USD will add to the macro headwinds faced by US firms

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Fitch rating agency says higher USD will add to the macro headwinds faced by US firms

<p>Analysts at the rating agency on the USD impacts:</p><ul><li>
Strengthening US dollar adds to US corporates' macro headwinds</li><li>Strengthening of US dollar into 2023 could exacerbate the effects of slowing global economy
and high inflation for some us multinationals</li><li>Factors contributing
to US dollar's strength include rapidly rising interest rates and a
flight to safety by global investors</li><li>On strengthening of
US dollar says, expects revenue and profitability in chemical sector
to be under pressure in 2023</li><li>Says does not expect
sustained strengthening of u.s. Dollar through 2023 to have
meaningful negative effect on credit profiles of most tech companies</li></ul><p>Headlines via Reuters </p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Fitch rating agency says higher USD will add to the macro headwinds faced by US firms

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