When people speak of the value of the dollar they most often refer to the Euro as reference, but there are plenty of other currencies out there to measure the dollar against. The Canadian Dollar hit parity with the US Dollar today:

The Australian Dollar isn’t far behind:

These economies appear to be in much better shape than the US although there are indications that both might still have a bit of the housing bubble mentality. Both countries are also running large budget deficits although neither country has nearly the level of debt as a percentage of GDP as the US when you include private debts. Obviously the market likes both of these Good Dollars better than the US version.