Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.
H & M is considering exchanging operations currency
Thursday, 21 June 2012
Hennes & Mauritz is considering to start making purchases of yuan
to prevent the effects of a further strengthening of the dollar heaping
pressure on its cost.
"Many of our rivals have already begun using the yuan, "said company
director Nils Vinge, according to wsj.com, reports Swedish media
He added that this will be easier when China will abandon the hard grip on its currency.
H & M buys about 80 percent of apparel in China.
By Scancomark.se Team
What do you think about this article and us? Please leave a comment!