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By Advanced Currency Markets, on December 30th, 2011 in ACM ForexSource: Advanced Currency Markets |
| EURUSD hit fresh lows of 1.2858 yesterday, after an Italian auction of long-term debt did not go nearly as well as the shorter term auctions the day before. The yield on 10-year bonds was just a whisker lower than the unsustainable 7% level (at 6.979%), and in spite of the Treasury aiming sell EUR8.5bn of its debt, only around EUR7bn could be placed. The silver lining to be gleaned from the event? |
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Source: http://jutiagroup.com/20111230-disappointing-italian-debt-auction-sends-euro-lower/
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