The U.S. dollar slid to a 1-year low against the euro on Tuesday near $1.48 as deteriorating sentiment on the U.S. currency encouraged selling ahead of a Federal Reserve meeting and Group of 20 summit this week.

Investors and analysts return from the long holiday weekend only to face a rather light week on the economic calendar – except for the earliest stages of what’s expected to be yet another dismal earnings season for U.S. companies.

Both sides of the ship…  Currencies remain well bid…  ECB and Riksbank meet this week…  Baiting the hook for more stimulus? And Now… Today’s Pfennig!

The dollar was slightly higher on Monday, supported as investors shied away from taking new positions before key U.S. jobs data due this week, while gains were kept in check as rising stocks stoked slight demand for risk.

Fed confuses markets, risk assets get sold…  SNB intervenes to stop franc’s rise… ECB issues 12-month liquidity… Bernanke to get grilled? And Now… Today’s Pfennig!

Euro leads currencies higher…  Commodities rally back on FOMC thoughts…  FOMC meeting today…  NZ Consumer Confidence on the rise… And Now… Today’s Pfennig!

Industrial Production declines…  Stocks sell off, leading currencies down…  Indian election spurs a rally…  China stockpiles commodities… And Now… Today’s Pfennig!

Last week, the European Central Bank squared its shoulders and joined ranks of the damned. The Times of London reported that in joining up with the US Federal Reserve Bank and the Bank of England, the European Central Bank “pulled out all the stops” in their drive to revive their economies.

Initial Jobless Claims rise…  PPI does too!  Euros get hung out on a line…  Gold makes a comeback! And Now… Today’s Pfennig!

Stress tests finally print!  The Gov’t wants you to “feel good”…  Job losses decline on a weekly basis…  Happy Mother’s Day! And Now… Today’s Pfennig!