The full ramifications of U.S. dollar strength that has wreaked havoc on the top and bottom lines of large companies such as Nike (NKE) and FedEx (FDX) in the third quarter likely won’t be felt for a while, warns one veteran currency strategist.
“What you see immediately today will take some time to flow through earnings,” Joseph Lewis, head of corporate hedging and FX solutions at Jefferies, said on Yahoo Finance Live (video above). “I think what you will expect is that if the dollar…
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