Which part of the United States do you live in? The price of food, housing, and just about everything else is going up, it has even been on ABC news. Eating out is even becoming more expensive. When you say "the dollar fall isn't really effecting Americans" you are talking about high income, or wealthy Americans. For poor and Middle Class people, the prices increases are very obvious, and eventually even the high income people will feel it if the dollar falls low enough.
I think it will but it will take a while. I live in the UK so I'm hoping it will rise! Due to out exchange rate I've got to figure out how to earn twice as much in $ online before it gets converted to UK £.....
Maybe you should check out your local grocery store, these types of prices will always rise. The increase cost of living has not jumped, its still on the same path its been, apples and oranges my friend.
I believe the dollar will rise again. But until the subprime problem goes away, the dollar will still remain weak.
I read somewhere that the dollar will go back up before the elections... But I can't remember where I read that.
The dollar will most likely be ok in the long run as long as it doesn't lead to enormous inflation. also, the current housing market isn't helping things. so hopefully developers can liquidate their unsold homes.
For all Indians ... be prepared for falling $ in coming year (2008) too. I feel better to get those $$$$ to IRs. ASAP every time you earn them. This trend is going to remain so in near future too ... unless some unforeseen turnaround in Indian / USA economy creeps up.
There is a circle in everything. If there is fall, a rise is inevitable, sooner or later. Stock markets rise and fall, inflation rate goes up and down. Therefore, sooner or later, dollar may also see a rise. Various factors responsible for this will automatically become active. This is a rule of nature.
Everyone thinks that the deprecation of the dollar is the end of the world; it's really more like the opposite. See, when the value of the dollar relative to other currencies falls, it's generally a sign that the national economy is experiencing rapid growth (a good great thing). Growth is generally signified by an increase in real GDP. Unfortunately, with an increase in real GDP comes an increase in the prices of most goods (a.k.a., inflation). Since America is experiencing growth, there is some inflation, which is generally associated with a decline in the dollar. However, it's just part of a cycle. In a short amount of time, the government will probably raise taxes or interest rates to take money out of the economy. This brings inflation to a halt, causing the dollar to rise in value, or appreciate, relative to other currencies. I only touched the subject, and the explanations go much further in-depth, but I think that sums it up.