Of the S&P 500 companies that have reported so far, more than half of them cited a strong greenback as a headwind.
More than half of the companies reported so far cited a strong greenback as a headwind to their business in the second quarter, according to FactSet.
Levi Strauss and Helen of Troy are among the companies that sounded alarms on the "unfavorable currency impact."The second-quarter earnings season kicks into full gear this week, but a trend is already emerging with the companies that have reported so far. The strong dollar is eating away at company profits.
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