Euro rebounds on Greek hopes

Posted by 7Star Thursday, March 4, 2010

The euro rebounded from a 9-1/2-month low against the dollar on Tuesday as investors awaited new plans to address Greece's debt crisis and held out hope for some form of help from the European Union. Earlier, the euro dropped as low as $1.3435, its lowest since May 2009, after Greece's biggest public union called for a 24-hour strike on March 16 to protest expected austerity measures from Athens.

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