Some argue the dollar's recent rally against the euro and yen ... is less a vote of confidence than a realization that it's simply the best of a bad bunch.... a retired currency trader who worked at Chase in the late 1970s in London, called it a "reverse beauty pageant" in which investors pick the "least ugly" contestant.
... History suggests that a currency is supplanted the same way Ernest Hemingway said a man goes broke: gradually, then suddenly.
http://finance.yahoo.com/news/How-long-can-the-US-dollar-rb-4165978641.html?x=0
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