MSNBC - Bottom Dollar : "If you've been following closely, you know that the dollar has been declining steadily against many foreign currencies. From recent highs—reached in mid-2001 or early 2002—the dollar has dropped 38 percent against the euro, 23 percent against the yen and 25 percent against the Canadian dollar. And most economists expect the slide to continue. By the year-end, the euro may rise to $1.45 from $1.34 and the yen to 97 from 104 (that's 97 yen to the dollar), says economist Nariman Behravesh of Global Insight. But, of course, you probably haven't been following closely. For most Americans, the subject of the dollar—its value on foreign-exchange markets—is a yawner. A depreciating dollar makes foreign vacations more expensive, puts pressure on the prices of imported cars and shoes and (the good part) improves the global competitiveness of U.S. manufacturers. Normally, these matters aren't high on our 'must know' list. But now is not normal."

(Via MSNBC.)