Story in the San Francisco Chronicle: Delighting in the dollar’s decline: Foreign visitors find bargains abound in S.F, other tourist areas:
While Federal Reserve Chairman Alan Greenspan is worried about the weak dollar, it has been a boon for foreign visitors and San Francisco’s tourism industry.
The precipitous drop of the dollar against the euro and other major currencies has increased the buying power of foreign tourists. Hotels are seeing more overseas guests, and business at shops and restaurants has picked up.
I’m no economist, but having people want to buy your goods and services sounds good to me.
