You'd think that a weak dollar would be bad for American companies, but that's not always the case. A weak dollar can help companies with extensive international operations, such as Procter & Gamble
Meanwhile, a strong dollar can cause trouble for the same types of companies with a strong base overseas. For that reason, major international enterprises typically take steps to protect themselves to some degree from currency-exchange risks. (John Reeves recently made a case for investing in Lloyds TSB
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