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Home»Tech News»Will a weaker euro lead to greater US investment in European startups? – DailyTech
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Will a weaker euro lead to greater US investment in European startups? – DailyTech

August 3, 2022No Comments2 Mins Read
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Did no one tell Europe the party is over? – TechCrunch
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Which startups will profit essentially the most from a strengthening dollar? And can adjustments within the worth of main currencies raise any specific area?

The U.S. greenback is having a superb 12 months. The U.S. Greenback Index, which tracks the worth of the greenback in opposition to different currencies, for instance, bottomed out at round 95 factors in early January. Since then, the metric has appreciated to 106.69 factors as of right this moment – and we’ve seen the U.S. greenback attain parity with the euro, the latter foreign money having loved a premium over the previous for the final 20 years.


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The altering relative worth of main currencies is impacting expertise earnings. American tech giants, for instance, reported giant currency-related impacts on their Q2 outcomes. Microsoft grew 12% within the second quarter of 2022 – however 16% if we stripped out the affect of foreign money swings. The identical concern additionally value Microsoft 5 share factors of web revenue development in the identical interval.

Microsoft was not alone. Outgoing Meta COO Sheryl Sandberg stated throughout her firm’s newest earnings report that altering foreign money values “had a big affect in Q2, specifically the depreciation of the euro relative to the greenback.” Certainly, the now-infamous year-over-year income decline that Meta reported within the second quarter would have truly been 3% income development had currencies stayed put, Sandberg stated.

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