The US dollar is currently surging against all major currencies, as North Korean threats and the impending collapse of the euro-zone means a massive flight to safety. The Europeans, led for months by a listless and conservative Germany, are badly botching the situation. The value of the US dollar will surge in the coming weeks and months.
If you remember back during the G-20, the Germans slammed the US for our Quantitative Easing, accusing us of weakening our currency. At the same time, the Germans expressed confidence that Ireland would be fine. It took less than two weeks for the Germans to be proved wrong. Since QE2, it is the euro that has lost ground against the dollar, falling from $1.42 to $1.33, as the markets lose faith in Germany's ability to manage the European crisis. Investors are fleeing to the safety of the US dollar:
Dollar/Euro:
