1.  As concerns over emerging markets has spread, many investors have been dumping the treasury bills and converting the proceeds to dollars, putting enormous pressure on the ruble.

2.  As concerns about the financial health of banks mount, foreign funds may unload Philippine stocks and bonds and convert their proceeds to dollars.

3.  A falling dollar erodes the returns foreign investors receive on Treasury securities when the proceeds are converted into their own currency.

4.  A falling dollar erodes the returns overseas investors receive on Treasury securities when the proceeds are converted into their own currencies.

5.  A fall in the Canadian currency increases the revenues of the companies that sell their lumber for U.S. dollars and convert the proceeds back into Canadian currency.

6.  A falling dollar cuts the returns overseas investors receive on U.S. assets when the proceeds are converted into their own currencies.

7.  A falling dollar hurts the returns international investors receive on Treasury securities when the proceeds are converted into their own currencies.

8.  A falling dollar erodes the returns foreign investors get on U.S. assets when they convert the proceeds into their own currencies.

9.  A falling dollar erodes the returns international investors receive on U.S. assets once the proceeds are converted into their own currencies.

10.  A rising dollar can boost the allure of dollar-based assets for investors who must convert their proceeds into weaker currencies.