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


Recent News

Retail Roundup: Target Hits Snooze, Amazon and Warby Parker Test New Models

Print PDFPrint PDFWhen times are tough, companies are more willing to test new ideas and Target, Warby Parker and Amazon are pushing the boundaries of traditional retail. Target gets in bed with Casper After failed attempts at an acquisition, Target has instead invested in Casper...

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

J.Crew to Get Cheaper as Drexler Admits to Missing the Mark

J.Crew has been shifting in its seat trying to adjust to a new normal of shrinking sales and growing debt, but nothing has quite yet paid off, so the company is cutting its prices.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Around the Web: Kid’s Apparel, Bankruptcy Comebacks and “Made in China’s” New Face

This week, consumers called for better children's apparel, retailers turned internally to remedy their financial woes and apparel incubators improved China's manufacturing sector.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Infographic: What do Consumers Really Think About Sustainability Anyway?

Whether and how much consumers care about sustainability may be an ongoing question the industry wants an answer for, but one thing that’s clear is that though some consumers do care, sustainability isn’t the first thing they think of.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Shuffle Board: Gymboree Taps Former Tilly’s Exec as CEO, J.C. Penney Hires New EVP, Wolford Creative Director Exits

Gymboree tapped former Tilly's executive Daniel Griesemer as its new CEO, JC Penney appointed Marci Grebstein as its new EVP and Wolford creative director Grit Seymour is leaving the company.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Senate Committee Advances American-Made Products Act

Aiming to clear up potential conflicts with state laws, the Reinforcing American-Made Products Act now moves to the full Senate for consideration after the chamber’s Commerce Committee gave approval to the measure.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more