"Once again, we found big price variations in the destinations surveyed, particularly comparing those in the Eurozone. For example, prices in the Algarve are almost £100 lower for the same 10 items surveyed than in Ibiza."
Market players are anticipating almost a 60% chance of a Federal Reserve rate cut in September, which diminishes the US dollar's attractiveness against the Yen.
Reports of the dollar's demise are greatly exaggerated. It's true that the greenback has lost some value this year, especially with the Trump tariff shock influencing this decline. However, despite a nearly 9 percent dip against the euro and an 8 percent fall in the U.S. Dollar Index, the dollar's position is more resilient than it appears. It has maintained value against many currencies, and no viable replacement currency exists, ensuring the dollar's continued significance in global finance and commerce.