Falling dollar lures tourists
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By Larry Copeland, Martin Kasindorf and Charisse Jones, USA TODAY MIAMI BEACH - Noel and Zoe Very, who live in Paris, were strolling amid the palm trees draped in Christmas lights looking for bargains.
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Foreign investors are buying aggressively, taking advantage of American duress and a weak dollar.
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The US dollar went down to a record low of $1.33 to the euro at the end of last week amid signs that foreign central banks, which have invested heavily in US treasuries and other forms of debt
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The US dollar weakened further today to a tad below the USD1.34 mark as US non-farm payrolls data came in far lower than expected.
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Financial markets and economic policymakers around the globe all were focused last week on the shrinking value of the dollar. The greenback fell to its lowest level in years against both the yen and the euro
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The dollar suffers a sharp drop on Friday to a record low against the euro, with analysts forecasting more declines to come.
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The dollar falls below the $1.35 level to a new record low against the euro as data fuels new concerns about the US economy.
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So it has come to this for the tumbling U.S. dollar: It dropped below the Canadian dollar last week and is barely hanging on to parity now.
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Foreign tourists lured to New York by the weak U.S. dollar helped boost Broadway theater box office takings by 3 percent in 2004, an industry association said on Wednesday.
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A variety of small businesses in the U.S. are starting to take advantage of the mismatch between a weak dollar and the purchasing power of customers using strong currencies.
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As the dollar's value drops, Chinese companies and international investors snap up U.S. investments.
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Foreign tourists are keeping brokers busy with their eagerness to buy up Manhattan apartments while the dollar is weak.
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The dollar is poised to decline against the euro, creating its longest losing streak in almost a year, a Bloomberg News survey indicates.
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The dollar&#39;s fall against the currencies of US trading partners sparked uncharacteristically testy comments from those partners.
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The US dollar hits a new low against the euro in early Asian trade as fears over the state of the US economy deepen.
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Asia has seen its key markets slide in response to the likelihood of a relentlessly weakening dollar.
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The relentlessly sinking dollar is Topic A at the World Economic Forum, and anyone hoping for an answer to when it will stop dropping is likely to be disappointed.