Dollar at risk from Q2 earnings
MARKET NEWS
NEW YORK -- The US dollar may come under further pressure next month as corporate America begins reporting second-quarter results, analysts and traders told FX Week.
US equity markets have already been stung by a number of earnings warnings from firms including IT monolith Apple, which downgraded its earnings forecast by 10% last week.
"The lack of confidence in US equities and poor outlook for corporate profits are playing on investors’ minds," said Will Rugg, senior currency analyst at Standard
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