Euro Stays Weaker Versus Yen as Yields Rise at Spanish Bill Sale
The euro stayed weaker against the yen as Spain’s borrowing costs rose as it sold 3.05 billion euros of 84- and 175-day bills.
The 17-nation currency was 0.3 percent lower at 94.70 yen as of 9:46 a.m. London time. It was little changed at $1.2114.
Spain sold the 84-day securities at a yield of 2.434 percent compared to a rate of 2.362 percent at an auction on June 26. The 175-day bill was sold at a yield of 3.691 perent, comapred to 3.237 percent at the previous sale.
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