US Dollar may go down further once Greece's problem is out of the way. I won't be shocked if one Euro buys multiples of US dollar. In short term one Euro may get you two US dollars. USA is toasted, manufacturing eroded, now counting on primitive industry like agriculture for survival. The whole USA financial problem is self-inflicted by politicians who lacked knowledge to understand current reality in global market; Wal-Martnism is killing USA but no politician in sane mind could see the trend. Once you lost your manufacturing base, you are finished; you could armed to the teeth but the way is down. Does Soviet Union rig a BELL?
Bernanke Wants a Weaker Dollar, Buy the Euro: Currency Fund Manager
Axel Merk, currency expert and president of Merk Investments, thinks the U.S. dollar is going lower -- and it's Ben Bernanke's fault. The United States has a "Fed that wants a lower dollar" Merk says, offering an opinion that everyone except the Fed accepts as fact. The Fed's goal is to attempt to limit the deleterious impact of the greater than 9% unemployment and the hangover caused by the "Great Recession." In contrast the European Union is looking to strangle the weakness out of the system through austerity. This stereotypically Germanic approach is one of the reasons Merk is an unapologetic euro bull. "In the ... (full story)