: Stronger dollar would be a tailwind for EPS Chart 32: Change in consensus EPS (%) vs annual market returns: YoY change in $/€ actual and implied by BofAML FX forecasts downgrades are the norm and average -10% 30 30 20 20 10 10 0 -10 0 -20 -30 -10 -40 -50 20 $/€ 3m avg YoY See SB BBB SSS SESS NN NNN NNN NNN