Sep 13
The Euro, in large part due to general dollar weakness, climbed to a new 2009 high of $1.4629 in late European currency trade. One Euro is now worth $1.4598 in early morning New York trading.
Most analysts are pointing to two common catalysts for the latest surge in the Euro against the greenback. The price of oil is once again near its short-term high at $72. The European currencies typically fair better than the dollar when oil is high.
The other reason the Euro is on the …