Dollar at four-year high could dent earnings

By Herbert Lash NEW YORK (Reuters) - The dollar hit a four-year high as the yield difference between U.S. and German bonds widened the most in nearly 15 years on Thursday, while global equity markets fell sharply as the stronger dollar pointed to potential earnings losses. Weak European economic data on Wednesday also helped push the euro lower, while the strong dollar knocked down oil and other commodity prices on Thursday. The dollar index , which measures the greenback against a basket of major currencies, rose to a four-year high of 85.485 before paring some gains, up 0.20 percent at 85. ...

via Business News http://ift.tt/1BcDtQm