Selin Sarì- Global Currency Crisis.pptx

Selin Sarì- Global Currency Crisis.pptx - GLOBAL CURRENCY...

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GLOBAL CURRENCY COLLAPSE: WINNERS AND LOSERS by Patrick Gillespie @CNNMoney February 8, 2016: 9:19 AM ET Hatice Selin Sarı 2017762033
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Global currencies are crashing left and right Russia Mexico Colombia Argentina Brazil Turkey South Africa Recently hit all-time lows against the US dollar Down 28% or more in the past 12 months Fallen by double digits over that time
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American travelers: Winner Through November, over 66 million Americans traveled outside the U.S., according to government statistics. That's up nearly 8% from the previous year.
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Walmart, Target, Gap and other retailers: Winner A strong dollar is good news for box stores like Walmart ( WMT ) and Target ( TGT ), fashion retailers like the Gap ( GPS ), and toy sellers like Toys 'R' Us. All do a lot of importing, which has become a lot cheaper.
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U.S. multinationals, manufacturers: Loser A strong dollar makes sneakers, computers and iPhones more expensive to foreign buyers.
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