Q: Give me some good news- all I’m seeing is recession this, recession that.
A: The US dollar is very strong right now. If you are willing to risk challenging travel logistics, this is one of the least expensive times for Americans to travel abroad. The Euro reached its lowest level relative to the dollar since 2002.
As a result, many Americans are taking advantage by visiting Europe and purchasing foreign goods.
The strength of the dollar often means imported goods are less expensive. This may increase the trade deficit, which means a lower number for gross domestic product because US exports are less attractive to foreign consumers.
Like everything else in our economy, currency fluctuations have good and bad effects.