Leveraging the Strong US Dollar: Insights for Travelers and Investors

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 15 May 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn how the strength of the US dollar impacts your finances, as well as its ramifications on the US and global economies. What does it mean to have a strong dollar? Who benefits the most from a strong US dollar? Hosts Sean Pyles and Anna Helhoski delve into the implications of a strong dollar on both domestic and global economies. They interview Cris deRitis, deputy chief economist at Moody’s Analytics, to demystify what a strong dollar means beyond its impact on travelers, along with what will happen if the dollar continues to become stronger. Then, Sean and Anna explore recent headlines, including major airlines’ resistance to transparent fee disclosures and record-breaking travel projections for Memorial Day weekend. They also discuss consumer discontent with credit card rewards programs, shedding light on hidden fees and devalued rewards. In their conversation, the Nerds discuss: strong dollar, airline fees, credit card rewards, money news, global economy, domestic economy, travel impact, economic insights, airline transparency, travel fees, currency strength, dollar value, monetary policy, Federal Reserve, travel tips, consumer finance, economy analysis, finance trends, airline industry, vacation planning, personal finance, currency valuation, money management, economic stability, international travel, financial headlines, economic updates, financial education, and economic trends. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.8	entrepreneurs like you sign up for your one dollar a month trial at shopify.com slash setup
0:28.6	welcome to nerd wallets smart money podcast I'm Sean Piles and I'm on a hillhasky and this is our
0:36.5	weekly money news roundup where we break down the latest in the world of finance
0:39.9	to help you be smarter with your money.
0:41.7	We'll go deep into a single topic and then leave you with the latest money headlines.
0:45.9	Today we're talking about greenbacks, bucks, clams, smackers, dead presidents.
0:52.0	Legal tender.
0:54.0	That too. The almighty dollar is pretty almighty these days.
0:58.3	If you've gone abroad, you know this is a good time to travel because you get a lot for that dollar in foreign currencies.
1:03.8	So that's awesome, right? Well, yes, for traveling. But a strong dollar has all kinds of other ramifications for the U.S. and global
1:12.3	economies and your personal economy. So today we're going to hear about that strong dollar and what
1:17.7	it meets. I talked earlier with Chris De Rittes. He's the deputy chief economist at Moody's Analytics.
1:24.6	Chris, welcome to the show. Thanks, Anna. So let's start by explaining the basics of a strong dollar.
1:30.6	We mentioned earlier in the show that the way a lot of people experience a strong
1:34.1	dollar is when they travel.
1:35.7	But what else does it mean to have a strong dollar?
1:38.6	Yeah, so basically a strong dollar means that your dollar can buy more of other currencies.
	...

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