[US dollar price declines]
[Image courtesy of Google images]
Mac Kilduff, Staff Writer
The price of the dollar has declined recently due to the recession, making foreign markets react and making luxury harder to attain for US citizens.
Some international markets, like oil are reacting to the decline in the price of the US dollar.
International travelers will have to buy less with their dollars due to the sharp decline in price. Travel agencies are suffering as word spreads that travel should be delayed until the economy rises again.
Saudi Arabian oil companies plan to raise the price of oil shipped to the US in accordance with the change. Some local Philadelphia residents are upset over this change due to oil prices already rising.
“I only use my car for long distance trips that would be hard to do by train or bus,” said Rebecca Smith.
The prices of expensive luxuries will also rise due to the fall of the dollar.
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