If you are investing for the long haul what's happening lately is just a small blip on the dollars way down.
That statement might have held a little water 6 months ago, but now it is absolute hogwash! The only way this was possible was if the Euro held it's artificially inflated value. Now that the Euro constitution is headed for the dump the dollar will still be the best investment in currency for the foreseeable future.
Currency is based on the a country's economy. Europe is headed for the toilet, and in the long term it is downright ignorant to bet against the US dollar. There is a helluva a lot of speculators that are going to lose their butts because they chose to doubt the economy of the strongest country in history and it's economic base. They not only doubted it, they were trying their damndest to make it happen. Unfortunately these traitors were betting the Euro was going to be the currency of the future. This would only work if the European Union could agree on the Euro constitution. We all know now the odds of that are slim to none. The Euro is headed to the toilet, and with it all of these speculators that were wishing for the demise of the US economy. The Euro has been artificialy inflated since day one, as it has always depended on a unified trade and labor agreement between the nations involved. We now know they are no where near agreeing on anything, it was wishful thinking by the socialist elites. Problem is the spoiled have no intention of giving up any of their fringe benefits in order to make it work. Ask the French and the folks from Holland if there is ever going to be a European Constitution.
The Euro is whistling like a WWII, 2 ton bomb headed for Hitler's Bunker. Good riddance! Soros and his cohorts are going to lose their shirts on this one!