Euro hits 13-month high.

The euro has risen above $1.35 for the first time in 13 months and was +0.5% at $1.3556 premarket. The recent spike in the currency has been helped by confidence that the eurozone crisis just may be over, monetary easing in other parts of the world, and the repayment by banks of cheap ECB loans. However, there has been concern about the euro's rise. "The danger is European policy makers allow a spike (in euro and market rates)...With the Fed and the Bank of Japan still easing, the euro is clearly the path of least resistance."