The euro zone’s upturn is still young and relatively fragile with significant question marks still hanging over the long-term strength of domestic demand.

The question of the euro should be resolved through a referendum, which could take place in 2010.

Surely it does not look like this euro has any upside momentum whatsoever. There is inherent pressure on this euro.

Some investors have piled up their euro holdings rapidly this week, overreacting to the Fed minutes. This long-euro position won’t last.

the euro, it seems, is stuck in a political no man’s land – trapped between two opposing world views. And the battleground is not economics, but ethics.

This issue about the yen and the euro has been about what’s happening with BOJ policy against weak Japanese policy. The fact that the euro continues to have a hard time finding its footing and...