[elfman2]

I've heard people claim that the catalyst of this was driven by anti-Americanism in currency speculators.

Although no one intentionally loses money in that kind of market for politics, there's a background desire to invest in the currency of the organization that you favor that got the ball rolling in this direction.

[DB]

Low US interest rates mean low return on holding US currency.

The EU has high interest rates in spite of going into recession. Double whammy on the EU...