She finds that the effect of U.S. dollar moves on profits can be more precisely identified when using the industry - specific indexes:
dollar appreciations reduce corporate profits, while depreciations stimulate them.
Not exact matches
While the
appreciation of the Australian
dollar has
reduced commodity prices in Australian
dollar terms from their most recent peak, they remain close to their average of the past decade.
One offset to this brighter outlook, though, is the
appreciation of the exchange rate, which
reduces the Australian
dollar proceeds of foreign - currency export receipts.
However, the
appreciation of the Australian
dollar has
reduced prices of imported capital equipment markedly, so this result points to solid growth in real terms.