Since the start of the year, the common currency has jumped from 1.3031 against the US dollar to 1.3670, a gain of +4.9%. And against the pound sterling, the gains are even more pronounced, rising from 0.8131 on January 1st to 0.8641, or +6.27% higher just a month later. Now, while such rapid rises aren’t unprecedented in my experience, they’re notable, especially given that so very recently the Eurozone was in intensive care. To explain these gains, without a doubt the biggest factor is the turnaround in euro sentiment. In 2012, the talk was of the currency collapsing. Correspondingly, no one wanted to touch it, leading to outflows to relative havens such as the pound and US … [Read more...] about How high will the euro climb?