Vt. ski resorts benefiting from dollar's decline
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Some Vermont resorts are reaping the rewards of stronger currencies in Europe and Canada and are attracting increased business as a result.
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American Skiing Co. has agreed to sell Vermont's Killington and Pico ski resorts for $83.5 million, four days after disclosing the sale of Mount Snow in southern Vermont and New Hampshire's Attitash ski area.
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ECONOMISTS may be fretting about the implications for the global economy of the near historically weak US dollar.
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LONDON : Far from reversing the dollar&#39;s slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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A dusting of snow at the weekend brought some relief to anxious European ski resorts, where snow-making machines are out in force when it's cold enough.
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Canadian retiree Sheldon Kovensky felt the lure that attracts so many foreign buyers to sunny Florida these days -- falling prices for luxurious oceanfront condos that can be bought with weak U.S. dollars.
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Local businesses that depend on an influx of international travelers are monitoring the dollar's recent struggles like sailors scanning the clouds before they put to sea.
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U.S. manufacturers benefit greatly from a cheaper dollar, one major reason why the Bush administration has taken a relaxed attitude toward the slide in the U.S. currency.
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With the U.S. currency falling, more investors are thinking about the foreign exchange market. But experts advise caution
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The dollar weakened against major  currencies on Friday in thin holiday-season volume, as traders  took profits after early-session gains.
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Traditional ski resorts around the West are providing escapes from the well-groomed and well-used slopes.
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The dollar was feeling the heat on  Thursday as concerns about the U.S. trade and current account  deficits hardened the market's view that the currency's  downward spiral would continue.
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With a falling dollar sweetening the deal for international travelers, a record-setting number of tourists visited the city last year, spending an estimated $28 billion, tourism officials said.
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The United States would like the dollar to strengthen but believes international currency markets should be left to set its value, US Treasury Secretary John Snow said Monday.
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For every cent the U.S. dollar drops on currency markets, life gets harder for cuckoo clock makers in Germany's Black Forest.
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As the dollar's value drops, Chinese companies and international investors snap up U.S. investments.
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With the dollar near its lowest rate ever against the euro, many Europeans are looking at the United States as a cheap place to flex their strong currency.