For the complete report from the Seattle Times click on his link
Dollar continues plunge in Europe, Canada
Travel for Americans in Europe and Canada is getting more expensive by the day, as the U.S. dollar continues to sink to record lows. The euro soared to an all-time high, topping the $1.37 mark. The British pound, which has been trading around 26-year highs against the dollar, touched $2.03, and the Canadian dollar, at 94.5 cents, is worth 11 percent more than it was a year ago. Business analysts blamed U.S. economic policies, as homebuilders and retailers lowered their forecasts, causing concern about the housing market and the economy in general. "The dollar is a basket case," said Peter Schiff, president of Euro Pacific Capital Inc. Given the state of the U.S. economy, he said, the dollar could continue to fall in the coming years against the euro to $2.50 or even $3
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