[Wickd89]

Another perspective is that the total value of the dollar reflects the value of the country. For example, in the past there was gold held in reserve that equated to the value of all the dollars that were printed.
In the early 1900's they stopped that in the US. The value of the dollar, a promissory note, was the inherit value of the US of A: the stability of the government, the infrastructure, etc..

When the international community uses dollars, it is because it is stable; unlike their own currencies. When the international community picks the Euro, it believes that it is more stable and will show more growth.

This might be short term, but it is definitely an issue.

Point made earlier about making US goods cheaper and more attractive to other countries. True, but since we are not as big a manufacturing country (as we are a service country), does this have enough value to offset the shrinking value of the $.