Euro Dips, Loonie Lifts
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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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