One reason for the euro's strength over the past month - there's a lot less the currency...

|By:, SA News Editor

One reason for the euro's strength over the past month - there's a lot less the currency floating about. The ECB balance sheet has actually been shrinking since the summer, with an especially steep drop since Feb. 1 when banks were allowed to begin repaying LTRO loans. FXE +9% in last 6 months.