"Their earnings are going to suffer," Kathy Lien, a currencies analyst at BK Asset Management, was quoted as saying by the news website. "You're going to see more earnings misses than positive surprises as a result of the dollar's strength."
US-headquartered corporations could suffer because of the necessity to convert income earned abroad into dollars.
However, the news agency noted that large importers could benefit from the strong dollar, as they are able to enjoy more buying power.
The dollar has been on the rise recently amid falling oil prices, with the euro hitting its lowest level against the US currency in the past nine years on Monday. According to Bloomberg, the same day the Intercontinental Exchange's Dollar Index that measures the dollar against other world currencies rose to its strongest level since December 2005.
