Euro Stabilizes

Posted: 09 May 2011 04:22 AM PDT

The euro had tumbled 4.2% against the dollar from its May 4 high to its May 6 low but is 0.6% above Friday’s low and 0.4% above Friday’s close. EU officials denied last week’s report in the German press that Greece may leave the common currency and are considering less stringent terms on the Greek [...]