ilmscore | Prediction Details
"the dollar is extremely strong in the dxy index which has a huge effect on a company like Microsoft which makes roughly half of its revenue from doing business overseas that's because when they sell their products internationally and they get paid in those weaker currencies when they convert those currencies back to the dollar they get less dollars and this will continue happening because the Federal Reserve keeps raising What's called the federal fund rate which makes Bond rates go up and that attracts even more money to come into the dollar which makes the dollar stronger"
By Andrei Jikh | October 31, 2022 | Pending
From video
The Tech Stock Bubble Just Popped 00:07:38 - 00:08:12
Interpreted Prediction
The strong US dollar, driven by Federal Reserve rate hikes, is negatively impacting companies like Microsoft that generate significant revenue internationally, as converted foreign currency yields fewer dollars.

Prediction Details

Topic
US Dollar Strength

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