VedranKovac - 6:13 pm on Oct 7, 2008 (gmt 0)

Currently money from all over the world is flowing into US treasury bonds right now. To buy you need to execute transaction in USD. So, massive amounts of money are currently being converted into dollars. It's a flight to relative safety as we know (more or less) that the US government will be solvent for a while and it seems that EU is just starting to face the problem.