MW: U.S. stocks gain on Europe progress, Caterpillar
By Deborah Levine
NEW YORK (MarketWatch) -- The euro recovered against the U.S. dollar on Monday following a report saying Germany is willing to leverage Europe's bailout fund to more than 1 trillion euros, or about $1.39 billion. German opposition leaders agreed to increase the strength of the European Financial Stability Facility after a briefing with Chancellor Angela Merkel, according to the Associated Press. That would be "a respectable size" said Boris Schlossberg, director of currency research at GFT. The euro EURUSD +0.56% rose to $1.3892, after trading down at $1.3851 in morning activity and compared to $1.3865 in North American trading late Friday.
