The Dollar is Flailing, but Euros are Sailing

The dollar's in the dumps again, but euros are on a roll as the leaders' meeting nears. Here's your daily FX fix.

The dollar has hit a 15-month low against a basket of currencies, and technical analysts say that the drop below 75.631 could mean more to come. [Reuters]

European finance ministers agreed on a new bailout fund, giving them - and the euro - a boost going into meetings on the debt crisis later this week. [WSJ]

British inflation data came in slightly stronger than expected, and the pound moved higher against the dollar. Then again, what didn't? [CNBC]

George Soros explains why currency traders shouldn't be the only ones worried about Europe's sovereign debt crisis. [FT]

Up down under: the Australian and New Zealand dollars both moved higher on traders' renewed appetite for risk. [RTT]

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