The euro rebounded from a 7-week low on Monday on hopes of progress on its sovereign debt crisis ahead of a European Union summit next week, although investors remained sceptical that decisive action to resolve the turmoil will be swift in coming. Later-denied reports about IMF funding for Italy initially encouraged investors to unwind bearish positions in the single currency, though there was little faith that would lead to more substantial gains. Analysts said any further rallies would likely to be sold into. "It has become relatively commonplace in recent months for the euro to do well in the days leading up to an ... (full story)