What does the weakening of the dollar mean for me?

The U.S. dollar fell to a new low against the euro on Tuesday, thanks to more bad news about home sales. One American greenback is now worth about 0.71 euros, or 0.49 British pounds. Five years ago, the dollar and the euro were about the same in value, which means that a Roman holiday has gotten significantly more expensive. But continental vacations aside, how does the weak dollar affect the average Joe?

Slate Magazine