Breakingviews – Dollar snares U.S. firms in $4 trln endurance test
The strong dollar is becoming a test of nerves for global companies. From drugmaker Pfizer to iPhone peddler Apple and crafty online marketplace Etsy , executives say the U.S. currency’s rise to levels not seen in nearly 20 years is cutting into their profit. Some dismal earnings could lie ahead for firms that sell U.S. goods overseas. But weigh up the pros and cons, and the Teflon dollar is still in America’s interest.