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Microsoft cuts forecast

By Nivedita Balu and Yuvraj Malik

Jun 3 2022 6:48AM

Stronger US dollar takes its toll.

Microsoft cuts forecast

Microsoft on Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest US company to warn of a hit from a stronger greenback. A hawkish Federal Reserve and heightened geopolitical tensions have driven a 14 percent gain in the dollar against a basket of currencies ...

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