Trading

Here is why dollar traders watch Apple earnings

Tech giant is one of the largest holders of overseas dollars that could get repatriated to the US

Here is why dollar traders watch Apple earnings
Photo: iStockPhoto

Apple earnings dropped after the stock market’s closing bell on Tuesday, and currency traders were watching them closely, MarketWatch reports.

The reason: the tech giant is one of the largest holders of overseas dollars that could get repatriated to the US. Apple's results are in focus because President Donald Trump’s tax plan incentivised companies to bring cash back home.

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