Europe's latest bout of currency turmoil should mean that American travelers will get a little more for their dollars in Europe.
Interest rates had to be raised to protect the franc during the recent currency turmoil.
French and German economic officials put a positive face on a week of currency turmoil, pledging to restore stability.
Even in ordinary times, currency turmoil would be greater cause for alarm in relatively small, open economies that live or die by trade.
And the European currency turmoil has led to record profits from trading.
And, he said, "If the yen slides toward 150 we can be sure we are going to have real regional currency turmoil."
Given the European currency turmoil, no one particularly noticed.
Money flowed into stocks in Europe yesterday, where currency turmoil has raised hopes for lower interest rates.
"If this worldwide currency turmoil continues, the smaller countries will continue to be hit."
The currency turmoil is sparking another debate as to whether the decline in European interest rates will be beneficial for American companies.