Reuters Currency losses for North American businesses increased in the first quarter, according to Kyriba. According to statistics released on Tuesday by treasury and financial management firm Kyriba, the negative impact of currency fluctuations on North American company performance grew in the first quarter to its highest level since the second quarter of 2020. According to Kyriba, the cumulative exchange rate impact on enterprises in the US, Canada, and Mexico was $5.87 billion in the first quarter, compared to a $1.39 billion negative impact in the fourth quarter of 2020. It was the highest since a $14.16 billion hit in the second quarter of 2020./n
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