THE euro has fallen to an 11-month low against the dollar on concern that European leaders won’t agree on ways to expand the region’s rescue capacities as debt-strappedcountries struggle to fund their deficits.

THE dollar yesterday reached the strongest level in six weeks against the euro and a three-month high versus the yen as reports suggested the US economy is gaining momentum.

THE dollar hit record lows against the euro for a fourth straight day yesterday as investors warmed to the view that a recovery in the US economy would do little to narrow the wide US current account deficit.