EURORALLY: The euro pushed above $1.37 for the first time since February, drawing warnings from economists who see the threat of a slower recovery for countries that use the currency.

PRIDE RICH, EURO POOR: The strength of the euro — which was trading below $1.30 over the summer, will make Europe's exports more expensive and could put the continent's exporters at a disadvantage.

SLOW BURN: It takes several months for the effects of a rising currency to be felt in the economy, so the consequenc