Robert Mundell (Nobel prize of Economics in 1999) proposed an exchange rate with the Euro to be fixed against the U.S. Dollar as a possible solution to avoid another potential financial crisis. Mr. Mundell is known as the intellectual "father" of the European currency for his contributions in modern Macroeconomic models commonly used in Economic policy.

In Forex Metatrader: the U.S. dollar gained against most of Forex currencies, finishing its decline versus the Euro due to a surprising drop in existing home sales, apparently related with an improvement in consumers income, reduced demand for higher-yielding assets.

Canada's currency drop the most versus the U.S. dollar in two months after crude oil fell to a one- month low, remember that oil is the most important commodity exported by Canada. Sterling Pound weakened beyond 91 pence per euro for the first time since April as a newspaper reported that Bank of England Governor Mervyn King said the pound drop is "very helpful" to the process of rebalancing the U.K. economy.