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What the Dollar's Comeback Means for Americans

What the Dollar's Comeback Means For Americans

Hey now, look who's making a comeback! The dollar has strengthened significantly compared to most currencies except the yen, and this month alone it has gained 11 percent against the euro. It could be a temporary trend that disappears as quickly as it happened, but The Wall Street Journal helps us understand how the current comeback affects Americans.

  1. Investors: Because a stronger dollar pushes down the value of foreign assets, overseas investments will take a hit.
  2. Consumers: A strong dollar will make imported goods cheaper, but any potential discounts depend on how flexible brands are with their suggested retail prices. While it's up in the air if the price of European designer goods will come down, the cost of European wine should fall 10 to 15 percent. Expect European auto makers to remain resilient to a strengthened dollar.
  3. Travel: International airfares aren't budging yet but this could change, and in general a stronger dollar is good for some Americans who are pleased about more affordable shopping abroad. The biggest bargain is Iceland — airfare is 21 percent lower than last year, and any service that requires labor like tours or spa treatments are about 50 percent lower.

Source

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tbgallagher tbgallagher 7 years
Arrggghhhh, I hate the timing of the exchange rate! It was 1.98 back in July when I was back in the UK and now I am getting married in Decemeber was thinking that my English family would get huge bang for their buck (and me too as a result) and now look! And you can bet that by the time I go home again it will be back up to 1.8 or 1.9 - dear old murphy struck again!
californiagirlx7 californiagirlx7 7 years
katierose - I know! TravelSugar would be an awesome idea. I really hope the US dollar continues to strengthen. I went to London last year and everything was twice as expensive! Ugh.
californiagirlx7 californiagirlx7 7 years
katierose - I know! TravelSugar would be an awesome idea.I really hope the US dollar continues to strengthen. I went to London last year and everything was twice as expensive! Ugh.
ilanac13 ilanac13 7 years
i noticed this while i was on vacation out of the country a couple weeks ago. the dollar is gaining a lot of strength in places and it makes things a bit more manageable for us. i had noticed that there were so many people from the UK here in NYC lately because their pound was soo much stronger, but now that things are rebounding a bit, it means that maybe we can head over there for a trip of our own.
katierose katierose 7 years
Where is TravelSugar to help me find the cheapest airfare to Europe for the holidays?
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