(Kate Davidson – Wall Street Journal)
The stronger U.S. dollar has hurt exporters and could dampen their investment plans for next year, top business executives said in a new survey.
The quarterly Duke University/CFO Magazine Global Business Outlook Survey, released Wednesday, polled about 1,000 business executives – mostly CFOs–around the world.
Two out of three big U.S. exporters–those with at least one-fourth of their total sales overseas –said the appreciation of the dollar has had a negative impact on their businesses. And nearly one-fourth of big exporters said they have reduced their capital spending plans as a result.
Executives across many sectors – from construction to manufacturing to healthcare – pointed to the strengthening U.S. dollar against most major currencies as an emerging risk that has developed over the past six months. Click here to read more.