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WEKU
WEKU
David Gura

Europe is on sale. Why the dollar-euro exchange rate is a win for Americans

Euro Europe Jane Foley Recession
The dollar and the euro are flirting with "parity" for the first time in two decades. (Daniel Munoz/AFP via Getty Images)

If you still haven't planned a summer vacation, you might want to do it fast. Europe is looking pretty cheap right now.

For the first time in 20 years, the dollar and the euro are worth about the same. They have been flirting what currency traders call "parity."

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