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Dollar Sails, Euro Sags

Monday, 11 Jul 2011 | 8:19 AM ET

Inflation bites in China, Italy and Greece sting the euro - it's time for your FX Fix.

As euro-zone officials get ready for an emergency meeting on Greece, the euro is falling, at one point to under $1.41. [WSJ]

Euro leaders may be prepared to accept a default by Greece on some of its bonds. [ftadvisor.com]

It's a risk-off kind of day and the dollar is lifting. [dailyfx.com]

Investors' search for safe havens is sending them away from the Australian dollar. [WSJ]

Inflation in China hit a three-year high and the central bank vowed to make it a priority, raising rate-hike expectations. [Reuters]

CME is planning to launch foreign-exchange futures contracts based on Chinese currency. [FT]

CURRENCY FUTURES:

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