From an article on the "loonie" (Canadian dollar) at Bloomberg.com:

“The U.S. dollar continues to reign supreme -- you just cannot fight the trend,'' said Steven Butler, director of foreign-exchange trading at Scotia Capital Inc. in Toronto. "We have moved so far, so fast, everyone appears to be getting squeezed. It's very overdone, but too soon to call a top.''

Canada's currency dropped the most since at least 1971 as the U.S. dollar strengthened, crude oil fell to a 16-month low and speculation mounted the country's central bank would extend interest-rate cuts.

 One Canadian dollar buys 79.56 U.S. cents.

From another article at Bloomberg.com about the falling Euro and British pound:

The euro fell below $1.28 for the first time since November 2006 and the pound tumbled to a five- year low on speculation Europe's central banks will cut interest rates as the global economy heads for a recession.

“The market came to realize that many more rate reductions are needed in Europe,'' said Robert Blake, a strategist in Boston at State Street Global Markets LLC, which has $15.3 trillion in assets under custody. “Dollar repatriation has much further room to run.''

The euro dropped 1.5 percent to $1.2861 at 4:27 p.m. in New York, from $1.3063 yesterday, after touching $1.2743. It fell 3.8 percent to 125.79 yen from 103.80, after reaching 124.63, the lowest level since November 2003. Japan's currency rose 2.4 percent to 97.77 per dollar from 100.14.

Sterling declined 2.5 percent to $1.6293 after touching $1.6139, the lowest since September 2003. It dropped as much as 3.4 percent, the biggest decline since September 1992, when investor :S:d1">George Soros drove the currency out of Europe's system of linked exchange rates. The pound slid for a third day against the euro, weakening 0.8 percent to 78.75 pence.

So ALL currencies, EXCEPT JAPAN!!!, are falling against the U.S. dollar now!!! Amazing the turnaround, eh!?!?

A little quick analysis - so exports will be MUCH weaker, imports more expensive further throwing the U.S. economy into recessionary area!!  Yikes!  Did you short the Euro?!?

OH - as a sideline but CRUCIALLY important for me - the renminbi (Chinese currency) has held totally strong at 6.84 or so to the U.S. dollar!  Can you say "PEG,"  I knew you could!