Europhoria may not last


FRANKFURT – The hitch-free introduction of euro notes and coins last week helped power the euro above $0.90 in the first day of trading in 2002, as the market was gripped by a wave of euro optimism.

Players rushed to snap up short positions in early trading on January 2. And, traders told FX Week, the most serious glitch occurred when the bar at the European Commission in Brussels ran out of euro cash. But analysts remained divided over whether the positive reaction surrounding the cur