Over the last 12 months, the U.S. Dollar Index (DXY) is down 9.2%.
This means the dollar is weakening relative to other major world currencies. A weaker dollar makes imports more expensive for Americans, but there is a benefit to this weakening for domestic companies because it makes U.S. exports cheaper and more competitive for foreign buyers. This provides a boost for domestic companies with a strong international footprint.
I wanted to see how this has impacted earnings, and the results were pretty compelling.
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