If the Euro manages to close above 1.45 against the US dollar, it could once again be on its way to hitting 1.50. Despite slightly weaker economic data, demand for Euros or distaste for US dollars continues to grow. Both German and Italian manufacturing PMI dropped last month even though the French and overall Eurozone number remained unchanged. Today’s rally may be partially due to comments from the French who in the past were the most vocally opposed to Euro strength.