What happens to the rest of the world if the US economy crashes?

[Lawrence of Arabia]

Between 1st Jan 2004 and 17th April 2004 the dollar also rose by 5% against the euro (from .795 to .834) yet then fell by 12% to end the year at .733

This looks much more like a 'pause for breath on the way down' than a rally.

all of which occured in the last 3 months of the year. From january to october, it stayed almost always above 0.80 euros (some fluctations in the first two months to 0.74)

looking at it that way, we could say that it is now rallying from the october - december drop.

[el freako]

the dollar peaked at the €0.7803 you mentioned and is now down to €0.7655 - so which statement is looking more correct?

Originally posted by Lawrence of Arabia
we could say that it is now rallying from the october - december drop.

or

Originally posted by el freako
This looks much more like a 'pause for breath on the way down' than a rally.