[postlink]https://breakinghotnewsonline.blogspot.com/2011/09/optimism-about-europe-evaporates-euro.html[/postlink]
EuroThe optimism, caused by the speculation China is going to buy Italy’s debt, quickly wane and the euro fell after Italy auctioned its debt.
The optimism, caused by the speculation China is planning to buy the Italian debt, was defeated by the skepticism that China alone won’t be able to prevent the spreading of the debt crisis to the European nation. The skepticism strengthened as the borrowing costs increased. Italy sold €3.9 billion of the new benchmark five-year bonds with the average yield of 5.6 percent. Last time the bonds with the same maturity was sold the yield was 4.93 percent.
EUR/USD fell from 1.3679 to 1.3659 as of 11:52 GMT today, while touching the low of 1.3557. EUR/JPY dropped from 105.09 to 105.13 after it reached the daily low of 104.39.
If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.
Earlier News About the Euro:
ECB Keeps Rates Unchanged, Euro Falls (2011-09-09)
Euro Advances as Stocks Rally. Future Still Looks Uncertain (2011-09-08)
Euro Sinks After Merkel's Party Loses Election (2011-09-05)
Euro Ends Rally as ECB Expected to End Interest Rates Hikes (2011-08-30)
Euro Falls for Second Day vs. Dollar (2011-08-25)
This entry was posted on TopForexNews on Tuesday, September 13th, 2011 at 11:52 am and is filed under Euro. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
EuroThe optimism, caused by the speculation China is going to buy Italy’s debt, quickly wane and the euro fell after Italy auctioned its debt.
The optimism, caused by the speculation China is planning to buy the Italian debt, was defeated by the skepticism that China alone won’t be able to prevent the spreading of the debt crisis to the European nation. The skepticism strengthened as the borrowing costs increased. Italy sold €3.9 billion of the new benchmark five-year bonds with the average yield of 5.6 percent. Last time the bonds with the same maturity was sold the yield was 4.93 percent.
EUR/USD fell from 1.3679 to 1.3659 as of 11:52 GMT today, while touching the low of 1.3557. EUR/JPY dropped from 105.09 to 105.13 after it reached the daily low of 104.39.
If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.
Earlier News About the Euro:
ECB Keeps Rates Unchanged, Euro Falls (2011-09-09)
Euro Advances as Stocks Rally. Future Still Looks Uncertain (2011-09-08)
Euro Sinks After Merkel's Party Loses Election (2011-09-05)
Euro Ends Rally as ECB Expected to End Interest Rates Hikes (2011-08-30)
Euro Falls for Second Day vs. Dollar (2011-08-25)
This entry was posted on TopForexNews on Tuesday, September 13th, 2011 at 11:52 am and is filed under Euro. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
EuroThe optimism, caused by the speculation China is going to buy Italy’s debt, quickly wane and the euro fell after Italy auctioned its debt.
The optimism, caused by the speculation China is planning to buy the Italian debt, was defeated by the skepticism that China alone won’t be able to prevent the spreading of the debt crisis to the European nation. The skepticism strengthened as the borrowing costs increased. Italy sold €3.9 billion of the new benchmark five-year bonds with the average yield of 5.6 percent. Last time the bonds with the same maturity was sold the yield was 4.93 percent.
EUR/USD fell from 1.3679 to 1.3659 as of 11:52 GMT today, while touching the low of 1.3557. EUR/JPY dropped from 105.09 to 105.13 after it reached the daily low of 104.39.
If you have any questions, comments or opinions regarding the Euro, feel free to post them using the commentary form below.
Earlier News About the Euro:
ECB Keeps Rates Unchanged, Euro Falls (2011-09-09)
Euro Advances as Stocks Rally. Future Still Looks Uncertain (2011-09-08)
Euro Sinks After Merkel's Party Loses Election (2011-09-05)
Euro Ends Rally as ECB Expected to End Interest Rates Hikes (2011-08-30)
Euro Falls for Second Day vs. Dollar (2011-08-25)
This entry was posted on TopForexNews on Tuesday, September 13th, 2011 at 11:52 am and is filed under Euro. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
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