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Plunging Dollar Hurts American Travelers

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“American tourists have grown accustomed to their dollars traveling well, too. This summer, they are getting a wake-up call,” the Wall Street Journal reports.

“The ICE U.S. Dollar Index, which compares the U.S. currency to a basket of six others, just posted its worst first half of the year in more than 50 years. The dollar has tumbled 13% against the euro this year and 6% against the Japanese yen.”

“It is a stark reversal of the conditions that greeted American travelers and investors as recently as 2024, when a strong dollar lifted their purchasing power on imported goods, triggered a travel boom and fueled talk of America’s economic dynamism.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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