Microsoft Corp. isn’t the only U.S. company pointing to the dollar’s surge as a potential problem.
A strong dollar has been a hot topic this week since the software giant
MSFT,
-1.66%
and Salesforce Inc.
CRM,
-1.85%
pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc.,
PFE,
+0.99%
eBay Inc.,
EBAY,
-1.42%
and MasterCard
MA,
-1.45%
since foreign sales can be hurt by a strong greenback.
“The strengthening dollar has been a story for awhile,” said Dec Mullarkey, SLC Management’s managing director of investment strategy and asset allocation, pointing to the dollar’s DXY recent climb to nearly a 20-year high, as measured against a basket of rival currencies.
“It may be a pinch for companies,…
