Euro reaches a decade record low against Yen

Source: Bloomberg
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17-nation currency depreciated against Japanese Yen reaching 10-year record low amid worries region's debt crisis will hamper economic growth. Euro lost 0.5% against Yen attaining ВҐ100.53 in Asian session. Euro weakened against most of its major trading peers yesterday after ECB issued its balance sheet which has surged to 2.73 trillion Euros. Currently EUR/JPY is trading at ВҐ100.44.

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Thu, 29 Dec 2011 09:45:18 GMT

Italy to sell 10-year bonds worth $11 billion

Today Italy prepares to sell 8.5 bn euros ($11 bn) in government notes expiring in 2022, 2021, 2018 and 2014. The borrowing costs on Italy's 10-year benchmark note added three basis points reaching 7.02% in Rome morning trade. Italian 1.9 trillion Euro debt is larger than that of Greece, Spain, Ireland and Portugal combined. 

Thu, 29 Dec 2011 09:44:06 GMT

US car sales recovered in 2011

After several years of silence the car market in US has started to recover, announced research company TrueCar.com. Auto sales including cars, sport utility vehicles (SUVs) and trucks in 2011 surged to 12.8 million compared to 11.6 million previous year. Jesse Toprak, the Vice President of TrueCar.com predicts further car business recovery in 2012.

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