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Article: Americans not getting bang for buck in Europe; Sagging dollar a problem.(PAGE ONE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- February 6, 2004
CopyrightCOPYRIGHT 2004 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jennifer Joan Lee, THE WASHINGTON TIMES
PARIS - From back-packing tourists to high-flying diplomats, Americans in Paris are feeling the pinch as the single European currency hovers near record highs against the sagging dollar.
"I had always thought a euro was about equal to a dollar. But when I arrived at the airport and went to the exchange counter with $60, I got back only 39 euros," complained 42-year-old American tourist Daniel Enterline.
"I couldn't believe it. I felt the U.S. dollar had been relegated to a Third World currency."
The dollar was little changed yesterday, closing at $1.254 against the euro. Earlier in the ...