Did you just wake up from a coma or something? The Euro has been on an upward trend for awhile now. I would hardly think that $1.50 should come as a shock to you. What else have you missed out on? Very sad... Seriously, there was a German economic report very early this morning that caused a lot of the run up since yesterday. The rest was probably just market forces at work pummeling the dollar as usual.
Well you may be right. After reading "Euros Accepted" signs pop up in New York City, there's no wonder in to see Euro above 1.50.
http://www.reuters.com/article/ousivMolt/idUSL2515874520080225 http://www.reuters.com/article/bondsNews/idUSL1771147920070917