Euro climbs versus U.S. Dollar on Italy's debt sale

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Source: Bloomberg
The Euro rose the most since Aug. 3 against the U.S. Dollar as Italy's bills' sales weakened concern countries in Eurozone may not access the debt markets. On Tuesday, the Euro advanced 0.4% to $1.2332, after earlier 0.2% decline on ECB Governing Council member Luc Coen saying bond buying won't solve Italy's and Spain's difficulties. The Euro gained 0.4% to 96.58 Yen.
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Tue, 14 Aug 2012 09:22:29 GMT

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Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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