What we can say with more certainty is that the value of the dollar rose roughly 19% from December 2002 to December 2003, approximately 8% from December 2003 to December 2004, some 5% between December 2004 and December 2005 and approximately 5% since the start of the year. We can say that many of the adjustments to the higher dollar have already been made. That doesn't mean there won't be others, but simply that the adjustments that remain to be made will be less significant than those two or three years ago.
On June 13th, 2006. See this statement in context.