Dollar Sliding Against Euro

[catalinargonzalez]

The dollar continues to plummet against Euro and Pound. I was reading the Wall Street Journal yesterday and it was stating that the US dollar is somewhere close to 2 pounds and 1.35 euros to a dollar. It's amazing how they were citing that for the same blue vest at the Gap, Americans would pay 50 dlls while in Paris, it was like 132. There's a huge implication here, US tourism from Europe is ever increasing as Europeans find out how much "cheaper" things are here. I wonder how long this is going to last or if this is indicative of more to come. What do you think? I've included some sites of interest:

http://story.news.yahoo.com/news?tmpl=story2&u=/nm/20041202/bs_nm/markets_forex_dc
http://news.bbc.co.uk/2/hi/business/4035761.stm
and some background on currency issues;
http://money.cnn.com/2004/11/10/news/economy/weakdollar/

 

[Redleg]

I don't like it at all, since I get paid for the ads in here in US dollar.. :lol:

It's been dropping like a rock compared to the Norwegian Krone (crown) the last month..
It was around 6,8 (up to 7) NOK pr USD, but it's almost down to 6,0 NOK now..