Euro Extends Advance Against Dollar After EFSF Sells $2.6 Billion of Bills

The euro extended an advance against the dollar and rose versus the yen after an auction of bills by the European Financial Stability Facility drew bids for 3.2 times the amount of securities sold.

The euro strengthened 0.3 percent to $1.3230 at 11:13 a.m. London time. It climbed 0.2 percent to 102.96 yen.

The EFSF sold 1.97 billion euros of 91-day bills at an average yield of 0.222 percent, the Bundesbank said.

To contact the reporter on this story: Paul Dobson in London at

To contact the editor responsible for this story: Daniel Tilles at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.