- Analytics
- News and Tools
- Market News
- European session: the euro weakened versus the yen and the dollar after Italian borrowing costs
European session: the euro weakened versus the yen and the dollar after Italian borrowing costs
Italy sold 3 billion euros of notes due in November 2014 today at an average yield of 4.83 percent, down from 5.62 percent at a previous auction on Dec. 29. It also sold debt due in July 2014 and August 2018. Yesterday, the nation sold one- year bills at 2.735 percent, more than half of the 5.952 percent yield at the prior sale on Dec. 12. “Expectations were built up quite significantly following yesterday’s auction,” said Ian Stannard, head of European currency strategy at Morgan Stanley in London. “Any rebound we see in euro-dollar is going to remain limited, and we remain bearish over the medium term.”
The 17-nation currency dropped against all but two of its 16 major counterparts as concern recent measures by European leaders may still fail to resolve the region’s debt crisis.
The Dollar Index headed for a weekly decline before a U.S. report that economists said will show consumer confidence improved this month, reducing demand for the U.S. currency as a haven.
EUR/USD: during european session the pair fell to $1.2765.
GBP/USD: during european session the pair updated session low.
USD/JPY: the pair has traded nearby Y76.75.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
