WSJ:WORLD FOREX: Euro Steadies After Rout But Debt Fears Loom
-- Firm denials of Greek pullout allay fears somewhat
-- Euro zone debt woes still in focus, newsflow key
-- Recovering commodity prices aid improvement in overall sentiment
LONDON (Dow Jones)--The euro is broadly higher Monday as vehement denials of a report that Greece wants to leave the euro zone allayed the market's worst fears but the currency's gains are being kept in check by the renewed focus on the area's debt troubles.
The single currency hit a low of $1.4310 Friday when the German magazine Der Spiegel reported that Greece was considering leaving the 17-nation currency bloc. It has ...