1.   The declining dollar gave heart to skittish investors.

2.   And while there is no way to quantify it exactly, it is clear that the declining dollar has been responsible for some of the good news.

3.   Bond yields have risen the past two days amid concern the declining dollar might deter the Reserve Bank from cutting rates again.

4.   A declining dollar is making California goods less expensive for thriving Pacific Rim countries.

5.   A declining dollar makes assets in dollars, including stocks, less attractive, particularly to foreign investors.

6.   A declining dollar makes it more expensive for fund managers to buy stocks in countries whose currencies are rising against the U.S. currency.

7.   A declining dollar deters investors from buying bonds on concern that the value of their dollar-denominated holdings will slip.

8.   A declining dollar makes stocks and bonds less valuable.

9.   A declining dollar makes U.S. investments less attractive to overseas investors.

10.   A declining dollar tends to drive investors out of American stocks, bonds and Treasury debt, putting pressure on the federal government to raise interest rates.