Earlier this year, for example, the Euro traded at 1.19 to the dollar as speculation mounted regarding the future of the European Economic Union and the Euro itself.

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After a morale-boosting start, Mr Cavallo then confused markets with an ill-timed proposal to amend the currency board so that the peso might in future be pegged half to the dollar and half to the euro.

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However, possible commodity inflation and the rising value of Dollar vis-a-vis Euro may pose profit margin and pricing challenges for Heinz in future year.

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For all the concern over the future of the U.S. economy, the dollar actually gained against the euro.

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Between Tuesday and Friday, the dollar also fell 1.7% against the euro, a currency that itself is plagued with questions regarding its future value.

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