Editor
When the euro and the US dollar reached parity in July, it was the first time the two currencies could be exchanged at an equal value in two decades.
For travelers, the news rang like a dinner bell, especially with the August high season approaching. Two years of lockdowns and border restrictions have Americans desperate to visit the Continent, eager to spend on shopping trips and splurge on five-star hotels.
But parity—which in its true…
