European corporate FX losses highest since 2015 – report
Number of European firms reporting negative currency effects in third-quarter earning calls also rises
The resurgence of volatility in currency markets and strengthening of the euro has seen European corporates suffer the biggest negative currency impact since 2015, while their North American counterparts shaved more than $5 billion off foreign exchange-related losses in the third quarter of 2017.
The survey shows Q3 2017 saw the largest amount of collective negative currency effects on European companies since the same period in 2015, with $4.27 billion in negative impact due to FX, up $3.54
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