The truth about the dollar’s decline: ‘You’ll either have to raise prices, or lower profits’

Dollar bills (Credit: AP Photo—Mark Lennihan, File)

• In today’s CEO Daily: Peter Vanham talks to LSE’s Paul De Grauwe about the declining reputation of the dollar. 
• The big story: More signs of compromise in the trade war.
• The markets: Mostly up!
• Analyst notes from Apollo on the dollar, Wedbush on AI capex, Macquarie on China, and Goldman Sachs on GDP.
• Plus: All the news and watercooler chat from Fortune.

Good morning. The threat of prohibitive “reciprocal” tariffs may have temporarily receded this week, but in one way, a 10 percent barrier for foreign companies exporting to the U.S. remains in place: the U.S. dollar dropped in value by about a tenth against a basket of currencies in the last few weeks, including against the euro, pound, Swiss franc, and yen.