Isn't there some point at which, with the skyrocketing cost of oil and the resulting higher price of export goods, the EU can't support so much Euro strength? In '71, of course, there wasn't such a thing as a Euro, but what effect did that kind of dollar weakness have on the economies of the UK and Switzerland? I appreciate the historical perspective, since I've only recently begun to follow the ups and downs of the currency market, and there seem to be such a lot of factors to be weighed. Heric's post suggests that history may be repeating itself?