The Euro Is Back, Baby!...Barely!

€720 billion well spent.

At least he got Bedazzled for his troubles.

The European Central Bank’s year-old quantitative easing program kept the price of the euro down for a whole year.

On a trade weighted basis the euro is now once again more valuable than it was on the day for the ECB’s bond-buying program was laid out….

The currency’s recent appreciation is adding to concerns that returns from central bank interventions are diminishing.

The Euro Is Now Back Where It Was Before QE Began [WSJ MoneyBeat blog]