11.   Chemical exporters receive less revenue when dollar earnings are converted into a stronger shekel.

12.   Companies with dollar earnings have risen in the past months as investors switched into them to take advantage of their rising rupiah income.

13.   German stocks closed at a record high as the stronger dollar buoyed exporters, whose dollar earnings buy more marks when the U.S. currency rises.

14.   It not only boosts dollar earnings for exporters but reduces the pressure on domestic-oriented companies, he said.

15.   Japanese stocks traded mixed, with exporters falling as a weaker dollar threatened overseas earnings.

16.   Moreover, as shares outstanding declines, the earnings per share should increase, even if there is no actual increase in dollar earnings.

17.   Slower growth there will cut sales, and the rise of the dollar will reduce their value when they are translated back into dollar earnings.

18.   That, in turn, led to further dollar-selling by foreign companies with dollar earnings that suddenly found themselves unhedged.

19.   The current financial crisis was partly caused by steep drops in world oil prices that eroded dollar earnings from exports.

20.   The fall in currencies such as the Philippines peso and the Indonesian rupiah will reduce the Australian dollar earnings for domestic companies.