Currency Brief: Dollar Slips in February Against Major Apparel Currencies

The rising dollar was tempered a bit in February compared to recent months, with the U.S. dollar index closing down by 1.4%.

CurrencyDollarIndex

With the notable exception of the UK pound, most key apparel currencies rose against the dollar in the month, with the yen strengthening the most against the U.S. currency.

The euro fell by 0.4% against the U.S. dollar, closing the month 11.5% below year-ago levels.

CurrencyEuro

The U.K. pound sterling fell by 3.1% against the dollar in the month, ending 11.4% lower than a year ago.

CurrencyPound

The Chinese yuan edged up by 0.4% in February, to 6.5% below its year-ago level.

CurrencyYuan

The Indian rupee rose by 1.9% in the month, 7.8% lower year-over-year.

CurrencyIRupee

The Indonesian rupiah rose by 3.3% relative to the dollar in February, but remained 4.1% lower than the same month in 2015.

CurrencyRupiah

The Pakistani rupee edged up by 0.2% in the month, bringing its full-year decline to 2.8%.

CurrencyPRupee

The Bangladeshi taka was flat in December, continuing the relatively stable trend of the past few months, with a year-over-year decline of less than 1 percent.

CurrencyTaka

The Vietnamese dong rose by 0.6% relative to the dollar in the month, but remained 3.8% below last February’s value.CurrencyDong

The Japanese yen has been rallying of late, and gained 6.3% in February compared to January, bringing its full-year increase to 4.9%.

CurrencyYen

 

CurrencyTable

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