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Euro Dips, Loonie Lifts

Wednesday, 11 May 2011 | 9:40 AM ET

Sovereign debt is weighing on the euro, but the loonie is lifting off again. Time for your FX Fix.

The euro is weaker on concerns about sovereign debt problems. [Reuters]

Euro investors are tallying the potential cost of a Greek default. [FT]

At least something is stabilizing in the euro zone: German Chancellor Angela Merkel indicates she could support Mario Draghi to head the European Central Bank. [FT]

The Bank of England cut its growth forecasts and predicted that inflation would rise more than expected, and the pound strengthened. [fxstreet.com]

Russia is trying to curb the rise in the ruble. [CNBC]

The Canadian dollar is strengthening along with crude oil. [RTT]

Multi- Currencies v the dollar

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