Sounds good for us. Not too shabby for Europe, either.

The euro on Wednesday fell beneath 1.35 dollars for the first time since June, as the US unit continued to draw strength from its safe-haven status amid ongoing turmoil across financial markets.

In early European trade, the European single currency dropped to 1.3476 dollars — the lowest point since June 29.

The euro later stood at 1.3499 dollars, which compared with 1.3532 late in New York on Tuesday.

“The US dollar continues to strengthen in the wake of the subprime/credit market flush-out as it still remains the global reserve currency of choice,” ABN Amro economist Dustin Reid said.

The yen (not yuan) is also gaining strength. No word on how the Chinese yuan did.