
Currency headwinds cost companies $11bn
North American firms report more losses than their European counterparts, but the amount is falling

Corporates in North America and Europe lost nearly $11 billion as a result of currency headwinds in the third quarter of 2016, according to the latest impact report from Fireapps, a specialist in currency analytics.
The firm's analysis of the earning calls of 1,200 publicly traded companies in both regions showed 263 reported a negative currency impact. More businesses in North America reported negative effects of currencies (218) than their European counterparts (45) in Q3 2016.
For the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com