Euro-Dollar drops below parity today. I read an article this morning, an analyst projects that Euro-dollar rate could drop to as low as $0.75 - $0.80 in next few months. It's good news for people who are visiting Europe!
Posted by
Lynnwood, Washington
8339 posts
One person’s good news is often bad news for someone else…….
As a tourist, this makes me glad. As a “good neighbor” I hope this doesn’t make life hard for too many people.
Posted by
Hudson Valley
2267 posts
I'd start moving down payment/retirement kind of money, but the interest rates in Europe are so low (part of the probem of thier weakening currency), that the banks actually charge fees for parking too much cash there.
Posted by
OP
The Shire
145 posts
@Carol now: agree!
Posted by
San Diego, CA
170 posts
That's the way things were many years ago when we first started traveling to Europe. We used credit card points to fly and a very good exchange rate to travel.
Posted by
Paris
9546 posts
A bummer for me when I want to come and purchase goods or services ! I liked feeling like I was "rich" for those years... will have to adjust my U.S. spending (downward) accordingly.
Posted by
Fort Myers, FL
1658 posts
Roles have reversed. US travelers will now see their dollar go further in Europe and Europeans will feel a constriction of their Euro in the US. Given the trade off of inflation and pathetic market performance in the US, I think most Americans would rather see an uptick in the market and their investments than a stretch of their dollar in Europe because as retirement plans regress, so does the extra cash to travel.
Posted by
Magyarország / Rep of Texas
17847 posts
This isn't particularly good for the US economy ... but nothing is these past few years. US mfgs will not be able to export as much and corporate values will go down [think 401k]