Euro Weakening Against the Dollar

There are different points of view on whether it is good or bad that the Euro has depreciated against the US dollar. It is obviously good for the European car industry which happens to be very large and it is good for exports to the United States and other countries whose currencies are pegged to the US dollar. It happens to be bad for imports of raw materials such as oil, especially since the price in dollars is increasing. Given that there are different ways of looking at the depreciation of the Euro against the dollar I think that a more individualistic would be required to decide whether or it is a bad thing or a good thing. In depth analysis has to be done for each individual country of the European Union in order to decide if a country is or is not benefitting from the weakening of the Euro.