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Euros Are Dropping, Dollar Is Flying

Monday, 23 May 2011 | 9:43 AM ET

How unloved is the euro? Even Iceland is spewing the single currency. Time for your FX Fix.

More worries about Europe's debt woes drove the euro below $1.40. [Reuters]

The eurozone's problems and weaker commodity prices are pushing down the Australian and New Zealand dollars. [CNBC]

Ouch. Chile's peso opened 1.2% lower, tailing the euro. Brazil's real is getting hit too. [WSJ]

The dollar is jumping on investors' risk aversion. [Marketwatch]

In Iceland, the central bank is selling euros and buying kronur amid the volcanic ash, part of its plan to loosen capital controls. [Bloomberg]

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