johnnie - 5:23 pm on Oct 6, 2008 (gmt 0)

The dollar is not strengthening. In fact, the dollar is falling against the Japanese Yen. However, the euro is weakening rapidly due to rising concerns of an imminent recession in the eurozone. This is a good thing and should be seen as a correction, since the euro has been way overvalued anyways. It will help in balancing US<->EUR trade a bit. To those using adsense in Europe, its a godsend.

Have you looked at the European markets recently? As of last week, the financial crisis has officially infected Europe. European governments have had to rescue banks in Germany, the UK, France, Belgium and the Netherlands. And more mayhem is underway. The Amsterdam stock exchange took the lead today, plummetting 9.14%. The French CAC-50 wasn't far behind with -9%. The German DAX closed at -7%. Europe is in the same boat as the US.

[edited by: johnnie at 5:26 pm (utc) on Oct. 6, 2008]