The WaTi is reporting today that the France and the Dutch voting against the EU constitution, is having an interesting effect on the US Dollar;

The euro dipped below $1.22 in New York trading yesterday, an eight-month low. The currency has lost more than 10 percent of its value against the dollar since the beginning of the year.
Perhaps even more significant than the regained purchasing power, analysts say, is the renewed luster of the dollar as the world's reigning currency.