Appreciation of dollar.
 

Are you happy about recent appreciation of the US$? Fir those of us residing in the U.S., travelling abroad becomes cheaper, goods imported into the U.S. become cheaper too, but it makes our exports more expensive.

Are you happy or unhappy?

Well it is not appreciating against the Japanese yen, so for me this is a non-topic.

I just got back from Europe and it was very nice to pay about $1.30 per Euro instead of $1.40!

VERY happy - and hope it continues! Since we have rental properties in France, and our Music and Markets Tour business takes us nearly monthly to Europe, it's a huge plus!

It doesn't help me in Hong Kong with the fixed peg to the dollar but for most other countries I travel to, it's great. Europe for the past few years has been especially painful.

I am ambivalent. I like it when I travel abroad, but I fear what it will do to our economy. The current appreciation is due to the uncertainty in Euro, not due to some fundamanetal improvement in our economy. I fear what could happen once dust settles over Euro.

I still remember the days of going to Europe and paying $.90 per Euro back in 2002.

:mad:

I like the appreciation of the American dollar as it encourages more exports to the US from Canada..

but the Canadian dollar is still relatively strong.. almost at par.. but compared to the rest of the world currencies, its gained significant strength..

Are you saying that Canadians purchase more U.S.-made items the more expensive they get?

As an expat whose salary is in USD, I am absolutely happy with the rise of the USD.

As to the economy, we had a stronger US economy back in the Reagan / Clinton days of a strong dollar policy than in the Bush / Obama days of a weak dollar policy. The weak dollar policy is misguided.

Sorry to be a wet blanket, but the dollar is not appreciating; other currencies are depreciating makiing the dollar appear to appreciate. It's all relative.

That being said it helps with my daily living expenses as I live in a Euro economy. I'm just waiting for the Euro to tank some more.

I think he's saying Americans will buy more Canadian goods, which is good for him since he is Canadian. Or at least lives there.

the currency problem in europe is the over value of the euro(germany excepted). a 10-20% adjustment is needed. in the beginning, the euro was thought to be pegged with the dollar. bushII made adjustments that pushed the euro to unrealistic values.

I take students to Chile twice per year. During last year's January trip, the exchange rate was reaching a 5-year low ($1=475CLP) and it sure made for a tight budget. Today, the rate ($1=516CLP) is terrific for us and will give us some extra money to spend. So, we're happy!

Right it's all relative. There is no independent scale on which dollar is climbing or other currencies are declining. Aggregate demand of dollar is increasing because of uncertainty in Europe. Capital is fleeing, even from countries with growing economy, to perceived safe haven.