How Low Can the Dollar Go?

With central banks ditching the dollar and the Obama fiscal titanic going full speed ahead, is this a surprise:

HONG KONG (Reuters) - The U.S. dollar plumbed a 14-month low against the euro on Wednesday, sending gold prices to record highs and pushing up oil for a fifth day to a 2009 high of $75.12 a barrel.

Major European stocks <.FTEU3> rose 1.3 percent after bullish outlooks from Intel , the world's biggest micro-chip company, and Dutch chip equipment maker ASML fueled optimism that global consumer demand is picking up.

U.S. stock futures were up 1 percent, indicating a higher open on Wall Street, while the MSCI all-country world stock index <.MIWD00000PUS> rose 0.8 percent to a new 12-month high.

And to think people are buying gold.