All currencies in the world, except USD, have been falling. This is due to the monetary model of depreciation to boost exports. Export revenues are trumpeted as being more important than the loss of purchasing power for every day citizens.
The US is the only nation on the planet shielded from this, due to the primacy of the USD and US treasuries in a very uncertain global economy. Still, inflation is still hitting the US, a nation engaging in even more quantitative easing and printing than any other on the planet, but it is significantly muted thanks to the primacy of US treasuries.
Now, a topic for another day is: will that last? If bond markets crash, the world will face a far bigger correction than we seen in 2007.. this will lead to a flock to USD and treasuries further still, until the world realized US monetary policy is even more detached from solvency than any other. When that realisation hits: we're in for real instability.
Prepare for massive inflation to physical goods, and massive deflation to liquid assets tied to debt.
Rant off.