The weakening Euro is actually very good for the European economies as it will make their exports cheaper, and tourism more affordable. You won’t see Germany protesting too much. A collapsing Euro would not be good of course but an orderly descent is long overdue. It’s not good for U.S. multinationals that have had currency gains at their back. They’ll now have a headwind. Since oil is denominated in U.S. dollars, a strengthening dollar should take some pressure off of oil prices and that will be a welcome relief to consumers if they can get the prices passed down to the pump.