Euro Stays Lower Against Dollar, Yen as Italy Sells Securities
The euro stayed lower against the yen and the dollar as Italy sold 2.99 billion euros of zero coupon bonds due May 2014.
The 17-nation shared currency was 0.7 percent weaker at 98.95 yen as of 10:20 a.m. London time, and fell 0.1 percent to $1.2486.
Italy sold the 2014 bonds at a yield of 4.712 percent, more than the 4.037 percent paid on May 28. The Treasury had set a maximum target of 3 billion euros for the sale.
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