The Dollar Is Crushing Global Firms By Jim Cramer About this article: OK, currency is a real issue. Commodity costs are still an issue. Lots of our giant international companies are beholden to the dollar's unbelievable rally, something that has happened so quickly that companies are getting crushed by it. If you take the best of the best about handling currencies -- Procter & Gamble -- you can hear, on their call, how difficult this dollar is to navigate, as a huge amount of their costs and their sales are in local currencies, so the weak-currency countries are sourcing with weak currencies and then selling in weak currencies, which then translates into some miserable numbers and margins. If PG's having this problem then so is Colgate , although they had a monster quarter, as well as the other international consumer nondurable companies. Now, we know that lots of these companies have come down in value, but they are expensive... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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