Strong Dollar Helps Caterpillar Overseas: Oberhelman

November 10, 2014

Caterpillar CEO Doug Oberhelman told CNBC that the strength of the U.S. dollar has helped the company’s overseas business.

"You have to remember that we're a big producer in Japan also. In fact in the latest quarter, dollar strength was a little bit of a tailwind for us because we tend to produce and sell in those markets to offset costs and revenue," Oberhelman told the network.

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Source: CNBC