I would not worry too much. Currencies in developed countries cannot diverge too much, otherwise arbitrages with real assets start to appear. Just to give a silly example and euro doubles from 1.44 to 2.88.
So the European retirees will massively purchase retirement houses and related expenses in dollar denominated locations such as USA, as it is like the price dropped in half. These billion of dollars are new demand, strengthening USD.
Unlike stocks, currencies are somehow bounded as they express relative values.
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