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Dollar strength reminds Wall Street 'US exceptionalism' isn't isolationism - REUTERS

JANUARY 15, 2025

ORLANDO, Florida, Jan 14 (Reuters) - While "U.S. exceptionalism" has undoubtedly helped drive Wall Street's record-busting returns in recent years, it should not be confused with isolationism.

The fourth-quarter U.S. earnings season that gets underway in earnest this week is a reminder that American firms – magnificent as some may be – still operate in a global marketplace. Weak economies and lackluster demand abroad, combined with a robust dollar, could erode American corporate profitability, calling into question whether the U.S. is so exceptional after all.

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