The euro fell to $1.310 by 2:30 pm in New York on Monday and continues to be assailed on two fronts. Investors clearly remain unmoved by the outcome of the weekend summit meeting and this has money leaving the euro in favor of safer destinations. In addition, the European Central Bank’s back-to-back interest rate cuts have also eroded support for the euro. Summit Meeting Underwhelms Eurozone Watchers Once again, a lot of talk came out of Brussels as the 17-members states scheduled yet another meeting to discuss the sovereign debt crisis. And once again, the rhetoric fell tragically short of establishing a firm course ... (full story)