Planning a vacation overseas in the near future? Make sure you have planned for the newest decline of the dollar compared to the Euro. The euro traded above $1.40 for the first time since the common European currency was introduced.

“Investors dumped dollars yesterday, sending the euro to a record high and putting the American currency at par with the Canadian dollar for the first time in more than 30 years.”

“In practical terms, the recent drop in the dollar’s value is making Boeing jetliners and Manhattan pieds-à-terre a lot cheaper for Europeans and Canadians, while Americans will have to pay more while on vacation in Paris or when buying snowmobiles made in Quebec.”
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