The worthless dollar.

By now all have seen how the dollar has stopped being the centre of the world, look at china, just this first quarter grew more than 10% .. the dollar fell to a record low against the euro after a report showed European consumer prices climbed more than forecast in March, making it less likely the European Central Bank will follow the Federal Reserve in cutting interest rates. The U.S. currency had its biggest decline versus the euro in three weeks, trading as low as $1.5967, after the European Union said the inflation rate in the region rose to a 16-year high last month, exceeding a March 31 estimate.

The dollar also dropped against the yen before a report that may show U.S. housing starts slid to near a 17-year low. Probably we will see the euro rally some more against the dollar, the ECB will continue to be hawkish as there's little evidence of a let-up in European inflation, as long as the crude stays above the $100 mark and the dollar remains worthless,,, The dollar fell to $1.5947 against the euro as of 10:56 a.m. in London, from $1.5790 in New York yesterday. The dollar also was at 101.01 yen from 101.83.WorldWatch predicts the dollar may fall to $1.62 versus Europe's single currency in the next month....