http://biz.yahoo.com/ap/080422/dollar.html
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The dollar's slump is a boon for U.S. companies that rely heavily on exports, but it's the bane of travelers as worldwide inflation rises, air fares climb and prices rise in dollar terms for everything from beer in Munich to fine wine in Paris to gondola rides in Venice.
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Quote:
The high euro is bound to cause more pain for European manufacturers who export cars, food, wine and other products to the United States because it means their goods are more expensive.
Airbus, a unit of European Aeronautic Defense and Space Co. announced a general price increase for its aircraft of an additional $2 million per single-aisle aircraft and $4 million per wide-body long range and A380 family aircraft as of May 1, citing the high euro and the cost for raw materials.
German automaker BMW AG has said it will start producing more cars in South Carolina in a bid to take advantage of the cheaper dollar. Volkswagen AG has said it is likely to build a new production plant in the United States, too.
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Also notice in this article it cites the EU is having inflation issues. Inflation is very bad, not good.