I was in Spain when Bernanke first lowered the rates. In the two week span from when I arrived to when I left, there was a pretty decent difference in exchange rates. Plus, I remember some people i was talking to there poking fun of the dollar.
Long term, I don't know how it can hold with all those countries with differing economies and differing needs. Seems like a a recipe for disaster. Short term, I bet it will still gain strength against the dollar.
…like spain's economy is doing well… I don't know. Me thinks the EU is going to have a rude awakening. One thing for sure, U.S. goods definitely are going to seem a lot cheaper.
