Thursday, June 02, 2005

No Means Yes for Dollar?

'No' votes harmful to euro, good news for U.S. dollar - insider.washingtontimes.com
Interesting theory - what do you think?
The U.S. dollar is getting a boost from the slide in the euro caused by voters' resounding rejection of a European constitution in France and the Netherlands.
The respite from the dollar's three-year tailspin offers a bit of hope for travelers who are looking to hold down the shocking cost of a European vacation since the dollar lost nearly half its value against the euro at the end of last year.
'Americans will eat out more in Paris, buy more Burberry coats in London and more diamonds in Amsterdam,' said Bob Whitley, president of the U.S. Tour Operators Association.

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