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In addition, profits continued to be negatively affected by the strong US dollar effect on purchasing costs".
H&M, which buys most of its clothes in Asia in US dollars, said the drop was mainly due to the strong dollar effect on purchasing costs and by unseasonably mild weather in November in many large European markets and in North America, which led to weaker sales than planned and increased markdowns.
But what is never disclosed is the dollar effect on earnings and how these treatments compare with what competitors are doing.
Similar(57)
In a study of Tulsa's pre-K program, he and Georgetown's William Gormley and Shirley Adelstein found similar dollar effects on adult earning prospects for both middle-class children and their low-income peers.
And state and local spending has great "bang for the buck," as economy.com's Mark Zandi describes the per-dollar effect of spending on gross domestic product.
But it is too early to see a clear pattern, in part because the pickup in economies around the world may be hiding the dollar's effect.
Nonetheless, one of his nine, Mr Navellier, does offer what may be a timely caution about a strong dollar's effect on stock prices.
And even if this renewed equality is less about a strong euro than worries on Wall Street translating into a troubled dollar, "the effect is the same in the way Europeans feel vis-à-vis the United States," Mr. Janning said.
Despite a two percentage-point hike in the country's key lending rate to 12.5%, the battered currency plunged to a record low against the dollar, in effect devaluing the baht by 15-20% in a single day.
We received fresh evidence of the dollar's effect in yesterday morning's trade deficit report.
An investment in gold provides some inflation protection as well as some protection against a weakening U.S. Dollar, in effect, preserving purchasing power for U.S. investors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com