Archive for May 9th, 2011

New Overnight Developments Abroad - Daily Update

Euro Stabilizes

May 9, 2011

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 […] More