![]() ![]() While getting there may be a challenge, anything purchased in countries that use the euro - from hotel stays to meals and clothing - will be roughly 15% cheaper compared with last year. ![]() importers, who will find goods purchased from Europe to be relatively cheaper, as well as for American tourists traveling to Europe. The Federal Reserve is also aggressively raising interest rates, making the dollar seem relatively more attractive. currency - the world's reserve currency - as a "safe haven" investment. dollar has gained ground on many foreign currencies this year, with investors piling into the U.S. The fall in the euro is a natural consequence and should be welcomed," Robin Brooks, chief economist at the Institute for International Finance, said on Twitter.Īmid market turbulence, the U.S.
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