currency
Currency Brief: Dollar Continues to Fly High in December
The dollar continued to gain strength in December compared to most key world currencies, and shows no sign of…
Currency Brief: Dollar Strength Continues in November
The U.S. dollar continued to strengthen in November compared to most apparel-relevant currencies.
Currency Brief: Strong Dollar Gains Steam in October
With one notable exception, most of the key apparel currencies continued to weaken against the dollar in…
WWD Recommends
Currency Brief: Dollar Continues to Strengthen Against Key Currencies
The euro, pound and yuan weakened against the dollar in September, but other Asian currencies appreciated.
Currency Brief: Euro Declines Against Dollar in August
Most of the key currencies of particular importance to the apparel industry remained stable to slightly down…
Euro and Pound Sterling Rise Against Dollar in July
Most of the key currencies relative to the apparel remained relatively stable in July as compared to…
China Cautious Over Currency Flexibility
During the sixth session of the U.S.—China Strategic and Economic Dialogue (S&ED), held in Beijing from July…
Currency Brief: Indonesian Rupiah Surges, Chinese Yuan Edges Down in June
Most of the currencies relevant to apparel remained stable in June, with a few significant…
Key Currencies Remain Stable in May; Indian Rupee Continues to Weaken
Most key apparel industry currencies remained stable in May, with a couple of notable exceptions. The euro…
Burberry Expects Currency Fluctuations to Take Bite Out of Profits
Burberry Group, a UK-based luxury clothing company, announced that it expects its profits to be hurt by…
Peru Garment Industry Considers Ditching the U.S Dollar
In a rare act of defiance against the global hegemony of the U.S. dollar, the Peruvian apparel exporters…
Pakistani Rupee Skyrockets 11%; Apparel/Textile Industry Braces for Price Hikes
The Pakistani rupee has surged an astonishing 11 percent against the U.S. dollar trading at Rs 99.75 on…
Indonesia Rupiah Surges; Good for Retailers, Bad for Exporters
A strengthening rupiah is expected to boost retail in Indonesia, but could also undercut the country’s…
Chinese Central Bank Depreciates Yuan; Plans to Rival the U.S. Dollar
On February 25, investors anxiously reacted to the rapid depreciation of the Chinese renminbi, which plunged…
Falling Indian Rupee Benefits Exporters
A recent fall in the Indian rupee to a lifetime low of 60.12 to the dollar is a boom for garment exporters....