Thursday, December 28, 2006

The decline of the US dollar.

The dollar has continued its recent decline, hitting 20-month lows against the euro and pound, as concerns grow about a US economic slowdown.

The currency's continuing weakness came after US data showed a fall in both the price of goods and consumer confidence. (BBC)

This is a good analysis of the effects the dollar's fall in value will have on ordinary Americans and others. I have an addiction to traveling, and next on my list is Cadiz, Spain. I hope the dollar gets stronger before spring break.

3 comments:

Anonymous said...
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Anonymous said...

uh huh.

Sallie said...

I go to school in Italy, and I've been watching the exchange rate for dollar to Euro slowly get worse. It's now about 1.302 dollars to 1 euro.

*sigh*