Americans traveling to Europe next year may be in store for some bargains.
“That’s a good thing for American tourists traveling abroad in Europe,” said Brendan McKenna, an international economist at Wells Fargo Economics.
Now, euro parity is “back on the cards,” James Reilly, senior markets economist at Capital Economics, wrote in a research note Nov. 11.
For one, the U.S. economy has “held up a lot better than anyone has been expecting” over the past year or two, in stark contrast with Europe, Reilly said.
Of course, there’s a risk Europe retaliates with its own tariffs or somehow penalizes Americans by raising certain consumer prices, such as airfares, Reilly said.
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