Fri, 03 Jun 2022 08:35:28 GMT
Microsoft suffers due to high USD
At the start of Thursday's US trading hours, Microsoft stock plummeted 3.88% or 10.55 USD, as the company lowered its 2022 profit forecast.
In general, the company revealed that it is suffering majorly due to the high value of the US Dollar. Namely, its services export unit is charging outside the US its clients in other currencies, which are