Guardian Unlimited | The Guardian | Danger - falling dollars The sharp fall in the dollar on the foreign exchange markets - and the consequent rise in the value of the euro - may seem like problems that are of little direct concern to the UK, which never signed up to the euro in the first place. That would be a serious mistake. If the US economy is propelled into a crisis by a free-falling dollar the whole of the rest of the world will feel the reverberations.