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Weak Euro, Strong Dollar: What It Means for Fashion

Last week, the euro neared parity with the dollar for the first time in 20 years, reflecting a darkening outlook for Europe’s economy as well as moves to curb inflation in the US. For the luxury sector there may be an upside to the shift.
The euro approached parity with the dollar for the first time in 20 years, reflecting a darkening outlook for Europe’s economy as well as moves to curb inflation in the US.
Last week, the euro approached parity with the dollar for the first time in 20 years, reflecting a darkening outlook for Europe’s economy as well as moves to curb inflation in the US. (Getty Images)

Last week, the euro neared parity with the US dollar for the first time in two decades, dipping to as low as $1.04 after a year of steady declines.

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