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The euro's been around for less than a decade, and happened to come into existence at a time when the dollar was extremely strong. Record lows against it are meaningless.
The value of the dollar against the currencies of main trading partners.
Justin Fox Time’s business and economics columnist, 25/7 2007
Things are different when you look at the "broad" trade-weighted index, which just goes back to 1995 and mixes the major currencies with the likes of the Chinese remninbi, the Mexican peso, and the Indian rupee. The dollar's still well above its mid-1990s lows there. All of which means ... I dunno.