Euro closes in on $1.40

So much for the sub-$1.00 Euro that some forecasters were calling for at the start of 2009. One Euro is now back to the level it started at as the New Year kicked off, with a value of $1.3933 currently (May 21). Several top international and European banks had predicted that the Euro would suffer a downward trend against the greenback for 2009. During the first quarter, the forecasts seemed to have some merit, as the Euro lost about 20 pips from a range in the mid-$1.40s to a ...