What have you always wondered about the economy? Tell Us

2015, the year of the high U.S. dollar

David Brancaccio Jul 1, 2015
HTML EMBED:
COPY

2015, the year of the high U.S. dollar

David Brancaccio Jul 1, 2015
HTML EMBED:
COPY

Even with hints that an interim resolution may be possible for Greece, the dollar is still up. Today a euro costs $1.11.

This hurts the way profits of U.S.-based multinational companies are booked. When the U.S. dollar is strong, American companies doing business overseas often show their profits hurting in their quarterly reports. 

So why does a high dollar seem to make corporations look better according to another key measure that investors love to watch?

Here to resolve the paradox is a man who knows his way around a balance sheet, Washington Post columnist Allan Sloan.

Click the media player above to hear Allan Sloan in conversation with Marketplace Morning Report host David Brancaccio.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.