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Dollar Worth 75 Cents in Europe After Devaluations
An American traveler finds each dollar now buys about 75 cents in Europe due to three devaluations. The first two were formal moves approved by Congress. the third was a market driven creeping devaluation. Since February, the dollar has fallen about 25 percent in buying power versus major currencies.
MENTIONED IN THIS ARTICLE
London
Europe
White House
Congress
Associated Press
Nixon
U.S