Oh joy. Wonderful.
Traders in Asia sold the US currency against the euro, the yen,
sterling as well as the Australian and New Zealand dollars, pushing it
to a new low of $1.3869 against the euro in London.
I’m sure I’ve mentioned this before….that the bulk of my income is denominated in dollars?
Bugger.
So that handsome repast of garlic-infused veal with potatoes and salad that you had the other night is going to set you back $9.50 in future, rather than $9.35?
My heart bleeds… 😉
You should raise your rates in dollars, otherwise exchange rate movements are never going to have their desired effect.
“You should raise your rates in dollars”
And thus the US picks up the inflation it’s been lucky enough to escape for years.
As someone who, since early this year, has been planning an extensive tour of Britain for next June, I feel your pain, Tim. Believe me, I do.
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