The depreciation of the US dollar has made vacations in Europe and Japan more expensive for American travelers. Since January, the dollar has decreased in value by 7% to 10% against the euro, pound, and yen, pushing up the costs of hotel stays, dining, local transportation, and entertainment. This drop in currency value, now at a three-year low against the euro, is primarily attributed to economic concerns stemming from President Trump's tariffs, which have increased fears of inflation and recession, making travel budgets tighter for tourists.
Due to the weaker US dollar, vacations in Europe and Japan this summer are likely to cost travelers significantly more than expected.
The dollar has fallen 7-10% against the euro, pound, and yen this year, making expenses like hotel stays and dining pricier.
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