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But not every currency is climbing against the American dollar.

EXCHANGE RATES Since the turn of the year the dollar has strengthened against every currency in our chart.

"Virtually every currency in the world devalued versus the US dollar, with the Russian rouble leading the way," Lafley said.

Since the beginning of 2004, every currency in our chart rose against the dollar, except for the Indonesian rupiah, which slid by nearly 9%.

The danger of course, as with every currency, is inflation, and that could become acute if Professor Auriti carries out two other corollaries of his theory.

At some stage this could lead to the collapse of every currency on the planet and certainly the collapse of world stockmarkets.

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Similar(40)

And the dollar rose against every major currency.

The dollar is on fire, up 7% or more against every major currency in just three months.

The Malaysian ringgit has fallen only about 5% against the dollar, and remains much stronger than it was a year ago against almost every other currency in the world.

If the euro was immediately dissolved, the Deutschmark would surge, nearly every other currency would plummet and the imbalances would create a global catastrophe.

Although most currencies are allowed to fluctuate by up to 15% on either side of a central rate against every other currency, all save the Irish punt have stayed closely in line.

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