Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: Hemant on March 17, 2011, 05:01:34 pm
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Euro Currency Test as Spain Attempts Major Bond Sale
The euro had been climbing considerably during the past months, specially versus the greenback, but a revival in some of its members decreased attractiveness, as public debt fails to narrow, forced the bloc's central bank to unveil a new bond selling plan to rescue the zone's confidence among traders.
Spain will put on sale today as 4.5 billion euros ($6.3 billion) of 30-year debt and 10-year securities, being that the first test on whether investors are willing to bet once again in the Eurozone's weak links, and the outcome of this sale will certainly drive the euro currency to a new trend in forex markets.
Source: Euro Currency Test as Spain Attempts Major Bond Sale (http://www.marketracks.com/bonds/euro-currency-test-as-spain-attempts-major-bond-sale/forward/219/)