The rapid rise of the US dollar since the start of the year is a double-edged sword for US multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.
For importers, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper, but for export-focused companies, products sold in US dollars have become more expensive, which increases the risk of losing clients and seeing sales decline, and they also lose money when converting foreign revenue back into US dollars.
Many firms
Nike filed a lawsuit against Lululemon Athletica on Wednesday, accusing the yoga apparel brand of infringing six of its patent for making and selling the Mirror Home Gym without its permission.
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