As COVID-19 reshapes our economy, our newsletter will help you unpack the news from the day.
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.
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