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Summary Euro rose against dollar on hopes that European leaders will agree on plan to save single currency.
The euro is rising against the dollar on hopes that European leaders, who are meeting this week, will agree on a plan to save the single currency.On Monday, German Chancellor Angela Merkel and French President Nicolas Sarkozy said that they support a new European Union treat they would punish countries that overspent. The treat is meant to prevent another debt crisis from happening.The euro to $1.3467 in morning trading Monday from $1.3406 late Friday.The British pound rose to $1.5690 from $1.5598. The dollar fell to 77.80 from 78.03, to 0.9181 Swiss franc from 0.9208 and to 1.0130 Canadian dollar from 1.0178 Canadian dollar.
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