PDA

View Full Version : Euro at 22-month low against dollar


JSpira
05-27-2012, 12:53 AM
Euro Hits 22-Month Low Against Dollar (http://www.frequentbusinesstraveler.com/2012/05/euro-hits-22-month-low-against-dollar/)

As trading in New York drew to a close on Friday, the euro had fallen 2.1% for the week, going as low as $1.2496 before recovering to $1.2517. It closed at its weakest level since July 2010.
The common currency of 17 European nations currency declined 1.2% to ***65509;99.75, falling below ***65509;100 for the first time since February. The fall against the yen was the fifth week in a row.
The drop

http://www.frequentbusinesstraveler.com/wp-content/themes/arthemia-premium/scripts/timthumb.php?src=wp-content/uploads/2011/12/ten_years_400_at_en-euro-300x300.jpg&w=150&h=150&zc=1&q=90 (http://www.frequentbusinesstraveler.com/2012/05/euro-hits-22-month-low-against-dollar/)

VIZSLA
05-27-2012, 09:16 AM
C'est Bon pour moi.
Great weather and falling Euro. I'm beginning to like France.

Andrew*Debbie
05-27-2012, 02:47 PM
The Euro is at a multi year low against Sterling too. 1.00 is about 1,25EUR Konstanz just got a little less expensive. :)

tagheuer
05-29-2012, 01:02 PM
yeah, but doesn't really matter for us in the US because airfares are outrageous, this USA Today article mirrors my recent research.

Travelling elsewhere for now. Not worth it.

***********************************

Higher trans-Atlantic airfares are a deterrent, as airlines cope with fuel costs and trim flights. Travel search site Kayak.com says U.S.-European fares are up 11% over last summer. Kayak users are looking less for summer flights to European cities and more for those to U.S. destinations than last year, says spokeswoman Maria Katime.

Marian Marbury, president of Adventures in Good Company, says interest in its Europe trips is down. "More than one person" backed away after seeing a $1,200-plus airfare, she says.

European summer airfares "are at a 10-year high," says Brian Ek, spokesman for the Priceline travel site. Summer hotel rates haven't fallen notably yet, he says, even in countries in dire straits such as Ireland, Italy, Portugal and Spain. Political and economic unrest in Greece, however, are causing a drop in prices and tourism. Booking.com says the best prices are in Southern and Eastern Europe.