While tech investors have plenty of issues to worry about as the sector heads into a key week for corporate earnings, one notable headwind from last year has eased in recent months: the dollar.
The dollar has weakened by about 11% against a basket of major currencies from a two-decade peak reached in September, touching its lowest since April. The trend will bolster earnings at companies that derive a greater percentage of their revenue from outside the US, as a weaker greenback means foreign revenue translates into more dollars.
