The US dollar has been falling against every other currency including the Canadian dollar. The euro has been losing value in 2010 since the Greece debt crisis has cast a shadow on the whole union. Some have said the crisis has cast waves of insecurity and volatility over the currency.

There is some good news as far as China is concerned. U.S. Treasury Secretary, Timothy Geithner said that China will likely let their currency float separately from the dollar.

It will be more flexibly and hopefully will not be pegged to the dollar. “As a strong, large, independent, growing economy, it doesn't make sense for that country to run a monetary policy exchange-rate regime that effectively lets the Federal Reserve set interest rates for their economy," Geithner said.

Chinese President Hu Jintao is visiting the United States this week. He is well aware of the friction between Washington and Beijing over the value of their currency. He told President Barack Obama Monday that his country is reviewing their currency policy.

Foreign equity and currency investors signed a breath of relief when it was announced that the Euriopean Union (EU) and International Monetary Fund (IMF) were going to extend a line of credit to the country. The details of the deal have not been finalized though.