• EUR / USD: Euro rose to new highs 1.3190 after the auctions in Spain and Greece

Market news

18 December 2012

EUR / USD: Euro rose to new highs 1.3190 after the auctions in Spain and Greece

 

 

In Europe, the EUR / USD strengthened from a minimum of 1.3155 and has managed to regain week high by moving them 1 point. to 1.3190 after the public debt auctions in Spain and Greece.

This morning, the Government of Spain and Greece held auctions for government debt. Madrid sold in 3 months. securities at € 1.58 billion, the yield was 1.195% (vs. prev. 1.254%) and 6-months. securities - at € 1.95 billion, with a yield of 1.609% (1.669% prev). Yield Greek 3 months. Bills sold in the amount of € 1.3 billion, also improved to 4.11% (last 4.2%). Both governments have managed to raise funds over the planned amount.



 

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