Currencies are playing a key role at both macro and micro levels. Presently, the US is balming most of its trading partners for currency manipulation. Mr Trump believes that other countries are ripping off the US industries by devaluing their currency.
Consequently, it becomes cheaper for the US to import from other countries, but difficult to sell to other countries.
How can currency fluctuations affect the companies balance sheets and financial statements?
Some key point when currencies impact financial statements.