The big question…
The US economy right now has people asking a lot of questions. What will happen to the state of the economy in the long and short run? How will this affect me? What will the situation be with employment? Who will be elected and how will they handle the crisis?
A smaller question that we are in search of answers for is applicable to you travelers. With the weakening US economy the dollar in countries such as Argentina and Brazil is strengthening against local currencies. Now, for example is a great time to exchange money into dollars and hit the ATMs if you are a foreigner living abroad. But why does a weaker US economy strengthen the dollar against foreign currencies? We hope to offer some answers soon – for now, enjoy this ‘silver lining’. It may probably won’t last.
Tags: Travel
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