Originally Posted by Chichio

As a matter of fact it looks like the US is doing it on purpose. Poor Europe in two ways: Every european product looks very expensive internationally and anyone that makes money off Americans is pinched a bit.

The US is battling a large trade deficit and at the same time playing hardball with the Euro. To be fair the Euros are not blameless, they've played hard in the past as well. They want to compete with the Dollar so they'll have to take the bad with the good.