Foreign exchange (FX) continues to have a significant effect oncorporate earnings in developed economies. The degree to whichcurrencies are impacting earnings has moderated since early 2019,but North American companies experienced a total of more than $11billion in currency headwinds in the third quarter of 2019.
This is the headline news from the latest edition of Kyriba's(formerly FiREapps') quarterly "Currency Impact Report." The company reviewedearnings calls from approximately 1,200 large, publicly tradedmultinationals based in North America and Europe. Among thoseorganizations, 296 reported that FX issues had reduced theirearnings in Q3/2019, and 269 quantified that reduction.
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