As everybody has noted, of course nobody really really knows. Several months ago, we were being told it was likely the euro would hit US$1.50...I think based on my ouija board it will stabilize at around $1.10...

Incidentally for economic and also for very unfortunate reasons, the pound has falled to $1.735...some in London (I just got back and was there on 7/7) think it might fall somewhat quicker than the euro...