Currency Trends in November 2008

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2 December 2008 - The currencies of a large number of low-cost countries started more obviously falling in the last month, offering some potential relief to the global clothing trade. The Chinese renminbi and the Indian rupee however stayed unchanged while the Pakistani rupee even rose. While the fall of the British pound is a clear blow for UK's importers, a continued increase in the dollar may support US imports in the next year.

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