Euro Stays Lower Against Dollar, Yen as Italy Sells Securities
By David Goodman -
2012-06-26T09:22:40Z
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.
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
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