Weak Dollar? No Problem

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The euro’s ascent into record highs vs. the dollar last week overshadowed the release of bullish U.S. economic data showing a rise in consumer confidence and a robust housing market. Amid such optimistic indicators, will the weak dollar stall an industry turnaround this year?

By all accounts, the answer is no.

“What we’re seeing is very similar to what occurred in the first quarter—a lot of top-line growth is being driven by foreign exchange,” said Alexia Quadrani, a financial analyst with Bear Stearns.



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