FX & CFD trading involves significant risk
09:00 Eurozone Current account, adjusted, bln November -7.5 0.5 -1.8
The euro strengthened as Spain raised more than its maximum target at a debt sale, boosting optimism the region’s sovereign debt crisis is being contained.
Spain sold 6.61 billion euros of debt due in 2016, 2019 and 2022, exceeding the maximum target of 4.5 billion euros set for the auctions. Investors bid for 3.2 times the amount of 2016 notes allotted, versus 1.7 times last week. Demand for the 2022 bond was 2.2 times the amount sold, from 1.5 in November.
French borrowing costs declined as the nation sold 7.97 billion euros of medium and long-term securities.
The common currency advanced as Greece began a second day of talks with private creditors in a bid to reach an accord to lower its debt levels.
The Dollar Index fell as stocks in Europe rose.
EUR/USD: the pair grown, showed high above $1,2900.
GBP/USD: the pair grown, showed high in $1,5460 area.
USD/JPY: the pair returned to area of session high, but not managed to overcome Y76.90.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.