The World at Cut Rates

One major benefactor of the robust dollar is the American tourist. Especially in Europe and Latin America, U.S. visitors are getting much more mileage from their traveler's checks than they were a year ago. Even though some hotels that cater to well-heeled visitors regularly raise their prices to keep pace with foreign currency changes, good values abound. In Paris, a four-course dinner at the three-star Tour d'Argent goes for about $54, expensive by most standards but still $17 cheaper than two years ago, thanks to a 74.8% appreciation in the dollar against...

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