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Euro Slides On Greek Auction, Yen Seesaws On Mixed Messages

posted by Avatar fx360 1138 days ago in EUR, JPY, Daily

Euro could not hold the 1.3600 level in the wake of a relatively strong Greek Treasury bill auction of 6 and 9 month paper that resulted in a yield of 4.9% versus estimates of 6%. The bid to cover ratio was very strong at 6.5 as investors rushed to lock in the high rates.. Today’s rates are almost 300bp higher than the same auction 6 months ago
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