10:30 Switzerland KOF Leading Indicator (Dec) 0.01
The euro was little changed against the dollar even as Italian bonds rallied after the nation sold bills at lower rates than the previous sale.
Italy sold 9 billion euros ($11.8 billion) of 179-day bills at a rate of 3.251 percent, down from 6.504 percent at the previous auction of similar-maturity debt on Nov. 25. The Treasury also sold 1.7 billion euros of zero-coupon bonds due in September 2013 at a yield of 4.85 percent, versus 7.81 percent on Nov. 25.
The nation will auction as much as 8.5 billion euros of debt due between 2014 and 2022 tomorrow.
Italian 10-year bond yields dropped as much as 25 basis points to 6.75 percent, after rising to 7 percent yesterday, the level that spurred Greece, Ireland and Portugal to seek bailouts.
The yen rose as concern Europe’s debt crisis will damp economic growth spurred demand for safer assets.
EUR/USD: the pair was in $1.3050-$ 1.3080 area.
GBP/USD: the most part of european session the pair was in $1.5640-$ 1,5680 area, showed high in $1,5690 area.
USD/JPY: the pair has fallen in Y77.60 area.