Euro Continues Slide in October

The dollar continued to strengthen in October compared to recent months, with the U.S. dollar index closing up by 0.7% for the month.

Key apparel currencies fluctuated, however, with the Indonesian rupiah strengthening the most against the U.S. currency in the month and the Euro weakening.

The euro fell by 1.7% against the U.S. dollar, closing the month 13.7% below year-ago levels.

CurrencyEuro

The U.K. pound sterling edged up by 1 percent against the dollar in the month, ending 4.3% lower than this time last year, and down 1.8% year-to-date.

CurrencyPound

 The Chinese yuan rose by 0.2% in October, bringing its year-to-date decline to 3.8%.

CurrencyYuan

The Indian rupee dipped by 0.8% in the month, and finished October 6.2% below year-ago levels and 3 percent down so far this year relative to the dollar.

CurrencyIRupee

The Indonesian rupiah increased by 6.9% versus the dollar, helped by efforts by the central bank to shore up the currency, but remains 13 percent below year-ago levels.

CurrencyRupiah

The Pakistani rupee fell by 0.9%, bringing its year-to-date decline to 5 percent. 

CurrencyPRupee

The Bangladeshi taka was flat in October, continuing the stable trend of the past few months.

CurrencyTaka

The Vietnamese dong edged down by 0.8% relative to the dollar in October, increasing its drop versus year-ago levels to 5.1%.

 CurrencyDong

The Japanese yen also gained 0.8%, and remains 9 percent lower than last year at this time.

CurrencyYen

CurrencyTable


Recent News

These are the 10 Retailers Most Likely to Go Under Next

The number of retailers that have thrown in the towel through early April 2017, falls just short of the total number of stores that folded throughout all of 2016. And the number of bankruptcies is likely to increase—potentially threatening businesses in related industries as a result.

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

Study Reveals Inside Scoop on Amazon Marketplace and Why Its Sellers are Keeping Their Options Open

Despite its command of the e-commerce space, most Amazon sellers are still trying to diversify their options, and many, it seems, may be turning to Walmart.

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 Slashes 250 Jobs, Reorganizes Management Team

Less than one month after the exit of president, executive creative director and long-time muse Jenna Lyons, contemporary fashion retailer J.Crew Group announced today that it is undergoing strategic changes, which include trimming its ranks.

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

From Marketing Ploy to Mainstream Players, Sustainable Fabrics Come Into Their Own

Once the purview of independent designers, “green” textiles are no longer relegated to the sidelines; they're now reshaping traditional supply chains and closets.

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