there is a chance that the euro might collapse first, seeing the recent trend, dollar seems strongher, i voted no
I agree. Europe need so much oil. A weak euro is not good for Europe.
Well it is good for export.
Right, and the strong dollar is terrible for U.S. exports. Also the higher the greenback the fewer dollars U.S. multinationals (which lead the stock market) get to book as revenue and profits back home. Which has to hit the stock market sooner or later unless it doesn´t really believe that the dollar´s strength will last for long.
The US exports consist of debt, so the higher the dollar the more they will be able to export their debt (since people across the world would value the US dollar dearer). The US international corporations trade in local currency, though their prices are still mostly bound to the US dollar exchange rate, thus their revenue stream may decline due to competition, but the degree of this decline remains to be seen...
The accounts they send the SEC and the market are squared in dollars so the higher the dollar the less worth in dollars their foreign revenue has to be on the books back home in the U.S.. Unless they have some cookery to cover that. Remember; a rising dollar imports deflation into the U.S.