Jan14

FOREX-Euro falls as Bund auction raises funding concerns

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NEW YORK (Frankfurt: A0DKRK - news) , Jan 4 (Reuters) – The euro slipped to a near one-week low against the dollar on Wednesday after a muted German Bund auction raised concerns about demand for euro zone independent debt and the potential for higher borrowing costs for already troubled economies.

While the German 10-year auction was an improvement on a similar debt sale in November (Stuttgart: A0Z24E - news) , which had raised fears the bloc’s debt crisis was spreading to its strongest state, it was not enough to allay concerns. Click here to read more.. »

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Jan14

FOREX-Euro rebounds from 16-mo low, but gains could fade

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NEW YORK (Frankfurt: A0DKRK - news) , Jan 9 (Reuters) – The euro rallied from a 16-month low against the dollar on Monday as participants pared bearish bets on the single currency ahead of key European events this week, although investors remained overwhelmingly negative due to independent debt concerns.

With euro net small positions at a record according to contemporary data from the Commodity Futures Trading Commission, the currency was susceptible to small-covering.. But gains were contained as German Chancellor Angela Merkel reignited fears of a Greek default. Click here to read more.. »

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Jan14

FOREX-Euro supported by short squeeze; debt auctions eyed

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SYDNEY, Jan 4 (Reuters) – The euro held on to overnight gains in Asia on Wednesday, having posted its largest one-day revive in nearly two months as investors cut bearish positions in the common currency after upbeat data bolstered risk appetite.

The euro gained as much as 0.9 percent to reach its peak in a week at $1.3076 in the wake of better-than-expected U.S. manufacturing report on Tuesday. It last stood at $1.3048, well off a 15-month trough around $1.2858 plumbed last week. Click here to read more.. »

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