The Euro higher on Moody's rating

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Source: Forexpros
© Scanpix/AP

On Wednesday, the Euro was traded higher versus the U.S. counterpart, as Spain avoided a downgrade in its credit rating by Moody's.The 17-nation currency edged 0.56% higher versus the greenback, reaching the level of $1.3126. Earlier in the day, the Euro hit a session high of $1.3133 and a session low of $1.3053.

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Wed, 17 Oct 2012 14:30:24 GMT

Pound higher on job data

On Wednesday, the British Pound was traded higher versus the U.S. Dollar, following U.K. employment data by the Bank of England, which showed that more Britons were working than it was expected. The Sterling added 0.3% versus the U.S. counterpart, reaching the level of $1.6168, which was the highest since Oct. 5, when the currency hit $1.6218.

Wed, 17 Oct 2012 14:08:23 GMT

Treasuries fall for the third day

On Wednesday, treasuries were declining for the third consecutive day, which was the longest streak of losses since September 6, as Moody's Investors Service had not changed its rating for Spain, thus weakening demand for safer assets. The yield on benchmark 10-year government bonds added 4 basis points, reaching 1.76% by 7:20 a.m. in New York.

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