more bad news for travelers
 

Investors around the world sold dollars today, pushing it to an all-time low of $1.40 against the euro and to parity with the Canadian dollar for the first time in three decades as currency traders digested the full implications of the Federal Reserve’s new course for interest rates.

why is this bad news for travelers?

If you mean travelers who are paid in $US, then you are correct. I'm assuming this is an international forum, although many posters assume it is exclusively for US residents' use.

For the far more travelers who are paid in stronger currencies, such as Euros, this is rather good news.

"MORE BAD NEWS FOR TRAVELERS"

I guess it depends on which direction the traveler is heading. When British head towards the US, they're really pleased. Same for the French looking for bargains in New York.

Retailers are happy to find Europeans arriving daily, trying to buy everthing cheap.

Even bigger purchases are cheaper too. Airlines can buy new Boeing 787's - they're bargains.

The Fed has certainly thought about the flux of visitors.

Blackduff

And if the psychological impact of a $1.40 or $1.50 euro keeps Americans away so much the better

more deals for the rest of us. etc

More lobster rolls for me when I go from Canada to Cape Cod!

That's why I am happy that all our accommodations and transportation fees been pre-paid. It really didn't come as much of a surprise ...

meant to type "have been" paid - silly!

I'm sure danon meant to post

more bad news for travelers from the US going to the Canada, the UK or Europe. :)

((I))

Or anyone from anywhere else where a large portion of the economy is based on US dollars, while traveling to someplace that isn't.

I believe tourism to my city (Toronto) from US is down a fair amount, but I still believe we are cheaper (even at par) that other cities (like NYC)...so currency is one thing, but the cost of living in a visited city also matters.

One reaon tourism to Toronto is down is the foolish U.S. passport requirements, which though yet to kick in has created a mania amongst border officials upon return - several friends who used to go over to Canada so it's not worth it now.

Long long lines at border entry points as well.

I'm sure danon meant to post

more bad news for travelers from the US going to the Canada, the UK or Europe.
:)
Ira, you are right.

I DO assume it is an international forum ( don't get touchy), I don't live in US.

I too post things without thinking they are oriented to yanks - i should not but this really is an American web site and it's easy to forget our very very lucky to have foreign, especially European friends who add so much.

If i went to a U.K. site i may find the same problems, or French, etc.

Wal-Mart here I come! :) (Just kidding. Okay, maybe not.)

Not just the US

http://en.wikipedia.org/wiki/Image:D..._THE_WORLD.svg

Is this of more concern to travelers or tourists?

Well, since I live and work in the US, it definitely means that my next trip to Italy is much, much further in the future than I had planned......anywhere in Britian or Scandinavia isn't even on the list.

I live outside of New York City and it's no surprise to me that everyone in just about every country in Europe, not to mention Asia, is coming to the US to travel/sightsee/buy. I hear languages from all over the globe being spoken wherever I go.

Can't say the same for Americans travelling throughout Europe - the last few trips, we were among the minority in Italy, Turkey, Greece and England, totally outnumbered by Europeans and Japanese/Koreans.

We're headed for Italy in April but, unless (due to a miracle) the US dollar strengthens, we'll be a lot more careful about where and what we eat and drink and certainly what we buy (or don't).

<<< it's no surprise to me that everyone in just about every country in Europe >>>

Less British go to the US now than they did in 2000

Bad news for travelers, but good news for travellers.