Yahoo! News - Dollar woes worsen as rival currencies hit new heights

Yahoo! News - Dollar woes worsen as rival currencies hit new heights: "The euro's seemingly inexorable rise to record highs has set alarm bells ringing in the eurozone, where policymakers at the European Central Bank were meeting in Frankfurt on monetary policy." I had a cousin who taught me how to play super-chess, two sets of chess pieces on a board 4 times the normal size. Chess by itself is hard enough to figure out, this was simply ridiculous. The world economy is like super-chess compared to a national economy. There's no super-computer that's going to figure this out. I'm thinking the US is pushing this and the EU is also pushing this and they both have their reasons and nobody really knows who's winning. But someone is going to start to emerge as a victor sooner or later. The only advantage for the EU is that their currency is increasing it's value as a business world currency. That could prove to be a big advantage, if the EU manufacturing sector survives. I think we are getting closer to a massive correction and my guess is it will occur when China's yuan stops being pegged to the dollar. Maybe next spring.