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This should be a pretty obvious article considering most of you know about the declining value of the US greenback compared to European currency.

Compared to earlier years where one US dollar equaled to one Euro as of now it will take $1.43 dollars to buy one Euro and the overseas buyers are loving every bit of it. It may not sound like much on a small scale, but consider when your buying tens of thousands in garments per month in Euro compared to US currency…a good deal for them, good for your international distribution and brand awareness.? The US dollar saw an even worse decline compared to the Canadian currency, which now translates one US dollar into 97 Canadian cents, compared to two years ago where one US dollar equaled $1.58 Canadian dollars nearing a 40% decline in the translated value.

In August United States imports increased by 12.8% compared to a mere 3% at the same time a year ago and foreign sales keep growing while US retail sales suffer.

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