Yields on French debt drop

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Source: Forexpros

On Thursday, France witnessed a decrease in yields as it was selling its debt on an auction, since traders eyed upcoming ECB's policy meeting. France's Treasury managed to sell government bonds worth EUR7.98 billion, while the target was between 7 and 8 billion Euros. The average yield of 10-year bonds was 2.21%, which is less than the average yield of 2.53% in August.

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Thu, 06 Sep 2012 11:21:37 GMT

Eurozone's final GDP declined by 0.2% in Q2

Eurostat reported on Thursday that the gross domestic product of Eurozone fell by 0.2% in the second quarter. The data is in compliance with expectations and did not change from the first estimate. Year on year, GDP in Eurozone shrank 0.5%, which is worse than an expected 0.4% decline. Following the release of the data, the Euro gained 0.1% versus the Greenback to trade at 1.2612.

Thu, 06 Sep 2012 09:57:34 GMT

Aussie strengthens before Draghi's speech

The Australian Dollar strengthened after report indicated the nation's unemployment fell from 5.2% in July to 5.1% in August. The so-called Aussie Dollar climbed 0.3% to $1.0227 and gained 0.3% to 80.18 Yen. The Pacific currencies gained versus most of the 16 major peers before Mario Draghi's speech at the press conference today. 

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