Dollar: the way to the moon?

Dollar devaluation is a "no news" issue. Secretary Paulson is a Wall Street guy and possibly a good manager, but what about the strength of the greenback?

Dollar versus Euro is near 1,35, just a way long from the previous 0,85 from some years ago.

The renminbi will not explain everything.

Is it a way to export devaluation to the Asia? Or is it a "twin deficits" problem?

Because, we don't believe the reason is about the Iraq issue!