Target 2010 Annual Report Download - page 52

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We do not currently have significant direct exposure to foreign currency rates as all of our stores are located in
the United States, and the vast majority of imported merchandise is purchased in U.S. dollars. Our previously
described agreement to purchase leasehold interests in Canada will expose us to market risk associated with
foreign currency exchange rate fluctuations between the Canadian dollar and the U.S. dollar beginning in 2011.
Overall, there have been no material changes in our primary risk exposures or management of market risks
since the prior year.
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