It's going down....

The U.S. dollar has hit its all-time low vs. the euro, as well as one of its lowest values vs. the Japanese yen in the past five years. Currently, the euro is worth $1.33. The dollar keeps falling because of concerns about U.S. trade and deficits. It seems like this difference happened quickly, because only 2 months ago, the euro was valued at U.S. $1.20. It's hard to believe, but the euro's value has risen 60% since its all-time low again the U.S. dollar, when it was valued at $0.82 in October of 2000.

There is one positive for the U.S., however. The rising value of the euro makes European products more expensive and is hurting their exporting business, but at the same time, American exports are becoming cheaper and more favorable overseas.

In order to stop this slide, intervention by central banks and positive U.S. economic data are probably needed.