Euro approaches one-week low before Spain and Italy debt sale

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Source: Bloomberg
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The 17-nation currency depreciated to almost one-week record low on ahead of Spanish and Italian debt auction due tomorrow on anxiety European debt woe is curbing both large economies. Euro fell 0.2% versus greenback to USD 1.2542 in Asian trade and gave up 0.3% to Japanese Yen reaching JPY 100.77. Currently EUR/USD is trading at 1.2526.
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