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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.


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.


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


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.

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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.


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


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


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


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