Why is the euro so strong when the euro area's economy is barelyout of recession?

The question puzzles experts and unnerves Europe's political andbusiness leaders. It should scare the U.S., too, because a returnto recession for one of its biggest export markets would drag downthe tentative recovery.

Since September, as the U.S. economy clearlyoutperformed Europe's, the euro has increased its value by morethan 4 percent, to $1.3759 on Tuesday from $1.3192.

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