According to a headline in Thursday’s
Wall Street Journal, “The Almighty Dollar Is Back.” In the last few months, the U.S. dollar has shown “newfound strength,” increasing the American traveler’s buying power abroad. Because the economy in the United States is growing faster than those in Europe and Japan, the dollar has recently risen 4.4 percent against the euro, 8.5 percent against the British pound and an eye-popping 20 percent against the Japanese yen, just in time for the spring cherry blossom season. American travelers should be pleasantly surprised at the dollar's new buying power in Europe and elsewhere!