nitajan

http://www.forecasts.org/euro.htm

Ooh - I hope this forecast is right! It would make our trip to France this summer so much more affordable!

ccarroga

I hope this is right!!!
Im off to Italy for 10 days in Feb and have a budget of $1400 for spending money but it looks like I now will need to bring more. I have plans to go back to Italy in the summer and thought it would not be possible but maybe after all it will

Wayne

Ccaroga---Of course I don't know when you made your budget plan, but the dollar certainly hasn't gained a lot of ground recently. There was a slight upturn of about 3 percent, then right back down again. However, the European Union is meeting to consider a cut in interest rates, which would help the dollar a little bit. Another indicator that the dollar might get stronger is that the price of gold has been going down more than up in the past couple of weeks.

At any rate, I wouldn't suggest you count on a big influx of money due to an improved value of the dollar versus the euro. With your budget of $1400 expressed in today's dollars, it is unlikely that you will see a gain of more than 3 percent in February. Of course, if the full 3 percent occurs, you are about $40 ahead. That would buy a couple of decent meals in most places in Italy and France. Honestly, though, I hope you aren't cutting your budget so close that 40 or 50 dollars would make the difference between a good and bad vacation. Good luck, and maybe I'll be wrong.

Christina

I wouldn't place much credence in that small finance co. in Texas, I don't think they are reading the same global economic news I am or that the European Central Bank is paying attention to them.


The G7 is meeting in a week or two in Florida, we'll see what they say and do, but after their last meeting, the USD continued to decline. They are concerned about the perhaps too-strong euro now, also, but the more believable forecasts I've seen don't show a lot of change in the foreseeable future although maybe a slight improvement in the USD.

This is better information as to what is going on:
http://asia.news.yahoo.com/040123/3/1bd5h.html

bob_brown

Let us hope we see that kind of improvement. But forecasts are just that: forecasts. And we all know about the weather forecasts!!

xyz123

Well on the same site, there is a 6 nonth forcast for the pound. It shows that in January the pound would be under $1.70 when the reality is that today at this moment it is something like $1.847...so you can see just how accurate this could be.

Patrick

I couldn't tell who these people are making those forecasts. But I'd be curious to see what their forecasts were 6 months or a year ago, compared to the actuals.

subcon

the depressing fact is that in an election year in which the sitting president wants a perception that the trade imbalance can be rectified by a weak dollar, the likelihood for any near improvement is bleak.

suck it up and negotiate for better airfares and hotel rates, if possible.