CNN.com - G20: Focus on weak dollar's impact - Nov 19, 2004

CNN.com - G20: Focus on weak dollar's impact - Nov 19, 2004: "If the dollar sinks to $1.40 as some economists predict and oil stays near $50 a barrel, analysts at JPMorgan reckon a 10 percent rise in the euro could shave 1 percentage point from euro zone GDP, slash earnings growth in half and wipe 6 percent off the value of European blue chip shares in 2005." I sometimes entertain the idea that we (US) are trying to punish Europe by pushing the dollar lower against the euro. I have yet to read anything that suggests that a stronger euro is good for Europe. I've read several times that a weaker dollar can help the US economically by making our goods cheaper to export abroad. The question is how weaker can the dollar be before it starts to unstabilize? My guess is 1.50, but that's just a wild guess.