Yes, folks, the dollar continues its head-over-heels tumble down the stairs. Here's the chart I got from x-rates.com:
The once-mighty dollar brought low: It cost about $1.54 today to buy a single euro. It is no longer morning in America. Say evening. About 9 o'clock. Here in the Abendland.
Fun fact: I got a brochure from Morrell Wine the other day. After they finished touting the wines of plutocrats, they had a group called "Best buys for under $12.95". A couple of years ago that would have been $9.95.
As I digitate, the dollar cascades tonight in Asia. The East is Red. The West is a sick color green. ("Oh, Rose, thou art Sick." Mad sick.)
Executive summary: Be prepared to pay more for your Pinot Grigio, Yellowtail and Cotes du Rhone.
Good news: The stuff'll still be cheaper than comparable quality vino from Californy.
It's a mixed up, muddled up, shook up world, Lola.
Terry isn't Yellow Tail Australian???
They don't use Euros but I'm sure the dollar lost also against the Aussie's currency...BTW we need to be prepared to pay also for our milk, bread, salad, meat, medicines, gasoline, airfares, electric gas bills, water and so on; that is because also the oil hit an all time record of $ 107 per barrel.
Posted by: gabrio | March 07, 2008 at 10:27 AM
Yeah, the Aussie dollar is stronger against the USD too.
Everything is getting much more expensive very quickly. It is really getting to be like 30 years ago, when we had stagflation. Not a happy time.
Posted by: TH | March 07, 2008 at 10:55 AM
Ugh, I wouldn't drink yellowtail if they paid me Euros to do it.
Posted by: Lisa Qiu | March 07, 2008 at 11:24 AM
there isnt too much i wouldnt drink if someone paid me money to do so. and im not just talking about wine...
Posted by: Mo | March 07, 2008 at 01:15 PM
I could get nearly five pesos argentinos to the Eww compared to 3.12 for the greenbackk...
Posted by: David J | March 07, 2008 at 02:51 PM