Tag Archives: US Dollar

Dollar Falls for Third Day as Bullish Bets Drop to One-Year Low

Investors are the least confident in a year that the dollar will strengthen, shrugging off comments from Federal Reserve officials that the central bank is still poised to raise interest rates this year. A gauge of the U.S. currency touched a three-week low even after Fed Vice Chairman Stanley Fischer backed the case for a year-end increase in the benchmark, ...

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Novartis Profit Drops as U.S. Dollar Strength Erodes Sales

Novartis AG, the world’s biggest drugmaker by sales, reported a 7 percent decline in second-quarter earnings after the strength of the U.S. dollar eroded sales. Core operating income in U.S. dollar terms fell to $3.59 billion, Basel, Switzerland-based Novartis said in a statement Tuesday. That was in line with the $3.58 billion average of 11 estimates compiled by Bloomberg. The ...

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