The emergence of the omicron coronavirus variant may have deterred some investors away from risk assets, but the thesis that the dollar’s strength bodes well for European companies remains intact. That should mean fatter profits for Europe’s biggest exporters and higher stock prices. The greenback has soared this year and strategist predictions point to more gains to come, with Morgan Stanley calling for the euro to slip to $1.10. (Bloomberg) - The dollar’s recent climb to near 17-month highs against the euro is sending stock investors hunting for companies poised to benefit.
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