For Corporate America, Strong U.S. Dollar Cuts Both Ways

A strong U.S. dollar is cutting both ways for companies across the globe.

The dollar’s rise has caught investors’ attention, with many looking toward its effects on corporate revenue. A strong dollar can have adverse effects on U.S. corporations that sell goods overseas, denting exports by making those products less affordable. On the flip side, companies and manufacturers abroad benefit from a relatively weaker local currency.