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.. »