Euro loses ground ahead of German, Spanish and Italian bond auctions

Note: This section contains information in English only.
Source: Bloomberg
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The 17-nation currency slipped against the US Dollar first time in last three days before Italian, Spain and German bill auctions. Germany will sell 4 bn Euros of 5-year notes today, while Italy and Spain plan to auction around 17 bn Euros of debt tomorrow. Investors also are awaiting for industrial production output data for Euro region due tomorrow. The Euro depreciated 0.3% to $1.2741 on Asian trading session. Currently EUR/USD is trading at $1.2753.

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