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Remember the eurocrisis? Last autumn it looked like the single European currency, which had drifted steadily downward from its January 1999 launch, was set for a freefall. But now that America's go-go economy is starting to flag, making the dollar appear less invincible, the little currency that could is stealthily inching back up. Last week, after debuting in Greece, the euro reached 95 cents, the highest level since July.
So the worst it over, right? "Actually, the best is over," argues Steven Englander, currency economist ...
Source: HighBeam Research, The Return of Europhoria?(the euro)(Brief Article)