Euro rises against USD

Note: This section contains information in English only.
Source: Forexpros
© Scanpix/AFP

The Euro increased against USD after the successful Belgian auction where the sales exceeded the expected level causing a decline in the Belgium cost of borrowing. The success of the auction signals improving situation in the Eurozone and thus strengthens the Euro. EUR/USD hit 1.3398 during the European afternoon trade gaining 0.90%.

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