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Hennes & Mauritz, the Swedish fast-fashion retailer, is considering paying for its clothes in Chinese yuan, the Wall Street Journal reports. H&M buys the majority of its clothes in Asia, but pays about 80% of its purchasing costs in dollars. The company wants to protect itself against a strengthening dollar. More than half of its revenue comes in euros or currencies pegged to the euro, so when the dollar rises against the euro, H&M’s costs rise.

T&R Express

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