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Euro Dips, Loonie Lifts

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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