International Exchange Rates
Oct 2002 Issue of Wine Business Monthly
The US dollar struck back during August. All of the foreign currencies noted herein had declining average monthly values from those for July. While this is good news for the US buyer interested in European goods, it should be noted that this apparent rally is as yet fairly small and short-lived. Also, the 2 percent correction seen by the Australian dollar should continue to make antipodean wine a competitive buy on the US market. Similarly, the US dollar gained against the Canadian dollar and th...
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