Euro Recedes as Central Bank Meeting Looms

Summit euphoria ebbs and central bank confabs await - it's time for your FX Fix.

The euro receded after Friday's surge on news of the European Union summit deal. [CNBC]

The dollar was stable but traders said it looked vulnerable ahead of newmanufacturing data. [actionforex.com]

A day before a Reserve Bank of Australia meeting, the Australian and New Zealand dollars backed off recent highs. [CNBC]

Euro investors are turning their focus to this week's European Central Bank meeting and the chance of an interest rate cut. [WSJ]

Unemployment in the euro zone hit 11.1 percent, its highest level since the creation of the currency union. [NYT]

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