Euro has more room to run, recovery signs re-awaken interest in the single currency

NEW YORK: The oft-maligned euro has become 2013's currency darling, and its recent run may not be over.

Signs that the eurozone economy is recovering has re-awakened interest in the single currency. While other major central banks are ballooning their balance sheet, European banks are paying back loans from the European Central Bank (ECB). For the first time in three years, activity in the options market indicates that investors expect gains in the euro in coming months, instead of losses.