Currency Trends in 2004-2008

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6 January 2009 - The euro seriously rose in December, giving some room to eurozone importers while the British pound dramatically fell, therefore depressing UK's clothing import market. The decline of the dollar in December should also further limit US apparel imports in the near term. Exporters in India and Pakistan finally benefited from a sharp fall in their currencies in 2008, our statistical tables are indicating. China's renminbi no more rose since last June in addition while the Vietnamese dong seriously fell.

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