[Gocamino] Oooof!

[blaroli at aol.com]

When I was in Germany and Austria a couple of weeks ago I withdrew money from my, European-based, bank in NY through ATMs. Translating?the Euros received with the dollars charged shows that the exchange rate used was a little more than 1.43 US? Dlls. per Euro.? Using credit cards increases the?dollar value of the Euro since different banks use different rates and, in addition, charge a "foreign transaction" fee.??
The economic gossip that I heard, from Australians and New Zealanders attending the Bayreuth Wagner Festival, is that the financial consensus in their part of the world?is that the dollar ?will continue to fall and may reach an official exchange rate of $1.50 per Euro by the end of the year.
Fortunately, the Xunta and the various authoritative groups that oversee the Camino are clamping down?on abuses of pilgrims.? The Galician newspapers frequently carry reports of prosecutions because of overpricing of "Pilgrims menus" and the like.? Those who would use the word "Pilgrim" to advertise their goods and services must obtain fiscal authorization to do so, which requires that their prices for the goods and services so advertised be?lower?than ordinary commercial ones.?

Hugs!

Rosina


-----Original Message-----
From: Marcus Wilder <marcuswilder2 at sbcglobal.net>
To: santiagobis at yahoogroups.com; gocamino at oakapple.net
Sent: Wed, 12 Sep 2007 9:39 am
Subject: [Gocamino] Oooof!



BERLIN (AP) -- The dollar sank to an all-time low against the euro 
Wednesday amid speculation that the Federal Reserve will soon cut 
interest rates by as much as half a percentage point.

The 13-nation euro rose as high as $1.3889 in afternoon European 
trading -- breaking through its previous record of $1.3852, reached on 
July 24. That compared with the $1.3832 it bought in New York late 
Tuesday
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