. Central banks in Europe didn't hike rates as aggressively — and the resulting differential in interest rates meant investors gravitated to U.S. bonds since they could earn more money, helping buoy the dollar, Goltermann said.
Meanwhile, the U.S. is generally viewed as a safe haven where nervous investors funnel their money in turbulent times. The war in Ukraine that began in early 2022 led to a general sentiment of risk in Europe, causing more money to flow to U.S. Treasury bonds. Now, much of the fallout from Russia's invasion seems to have faded and people are somewhat less concerned than in the war's early days, Zandi said.
Some of that price pressure is due to a dearth of available supply — of hotel rooms, airline seats and tours, for example — to meet burgeoning consumer demand. American travelers who are skittish about the euro-dollar exchange rate worsening can opt to prepay for any hotels, tours, tickets or other activities denominated in euros to lock in today's price, Mitchell said.chief economist at Moody's Analytics
it never was
Nor is the US. Every western country is expensive. Last time I was in the US I couldn’t believe how expensive everything was
Dollar has weakened: is SUCH an UNDERSTATEMENT!!! EU surely has its problem, but the assertion that USD has been a good steward of value sine QE1 of 2008 ... well that has been a lie! Now are quietly facing QE3 on Small medium banks' interest risks. Oh incoming Recession too!
Looks like Asia is gonna make more money this year.
Oh, did they bribe you to keep the tourists away like they're doing in UK and Italy? Haha
You will go after Singh and Salame. You already made it clear Salame made Republican donations. So you have already set the table. When are journalists from CNBC wake up. Fried will be freed. Sad days for America.
Sam Fried of FTX will never see a long or hard prison sentence. He was President Biden's number 3 donor. He will be playing tennis for 2 years. And he always wanted to up his game. But you will never report that. Will you?
Europa is a princess out of the head of Zeuss and America is named after Amerigo Vespucci out of nowadays Italy and explain your own toiletpaper but LOL
It hasn’t been for three years.