From the BBC this weekend:
“The dollar fell further on Friday against key currencies, including the euro and Japanese yen.
At one point, it was worth less than 99 yen for the first time since 1995, while it plumbed new depths against the euro at $1.562.
Analysts are predicting that it could fall further as more details emerge of the losses suffered by banks and hedge funds due to
investments centered on the troubled U.S. housing market.
Despite aggressive interest rate cuts and White House measures to stimulate consumer spending, it is expected that U.S. rates – currently
3% – will have to come down further.
Analysts said this will weaken the dollar still further and accelerate inflation.”