May 31, 2018 / 8:03 PM / a year ago

BUZZ-Currency impact on N.American cos' Q4 results was down vs yr ago-report

** The negative effect of currency fluctuations on North American cos’ results in Q4 of 2017 rose slightly from Q3 but was down sharply from a year earlier, according to a report from currency risk consulting firm FIREapps

** For Q4 of last year, the negative impact of currency fluctuations on North American cos - including the U.S., Canada and Mexico - that quantified an exchange rate effect was $1.04 bln, FIREapps said in the report

** That was up from $1.01 bln in Q3 but down from $7.94 bln in Q4 of 2016

** The euro was the most mentioned currency in earnings calls by North American cos, the report showed

** U.S. dollar index, which measures the greenback against six major currencies, declined about 1 pct in Q4 of 2017

** In 2018, DXY fell 2.3 pct through end-Mar, but has since rebounded, gaining 4.5 pct QTD. Now up ~2 pct YTD

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