Consumers are finding that when the dollar weakens their buying power deteriorates.Economy grows slightlyMore VideosNEW YORK (CNNMoney.com) -- The weakened dollar isn't just wreaking havoc for Americans traveling overseas - it is hitting consumers right at home.From soaring prices at the pump to rising food costs, the impact of the declining greenback has been far reaching.
"It touches on so many things when you think about it," said Dustin Reid, senior currency analyst at ABN AMRO in Chicago.
On Monday, the dollar managed a modest rebound against the euro, as the 15-nation currency bought $1.5756, down from $1.5775 late Thursday, but still remains far below where it was just a year ago. The greenback also gained against the British pound in morning trade, but slipped against the Japanese yen.
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