Euro depreciates ahead of Spanish bond auction

Note: This section contains information in English only.
Source: Bloomberg
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The 17-nation currency weakened on Wednesday ahead of Spanish bill auction tomorrow as European officials keep struggling to tackle region's debt turmoil. Demand for Dollar was lower as investors awaited the results of Fed two day meeting which concludes today. Euro slipped 0.1% versus greenback to USD 1.2672. Currently EUR/USD is trading at 1.2675.
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Wed, 20 Jun 2012 07:12:00 GMT

Aussie weakens on higher Spanish borrowing costs

The New Zealand and Australian Dollar depreciated versus greenback as surging Spanish yields fuelled investor worries about Europe outlook. Spain is holding bond auction tomorrow. Aussie shed 0.1% versus US Dollar to USD 1.0182 and Kiwi sank 0.4% to USD 0.7952. Currently AUD/USD is trading at 1.0187 and NZD/USD is trading 0.7953.

Wed, 20 Jun 2012 06:39:59 GMT

Cyprus face EU pressure to take bailout package

European officials are adding pressure on Cyprus to accept a full rescue package worth around EUR 10 billlion (USD 12.7 billion). In contrast Cyprus currently is interested in restricting any external help to its financial system. Cyprus also is in talks with Russia about possible loan. Cyprus does not want to accept bailout money since it will be required to fulfil the

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