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29/12/2011 12:39 AST
The euro fell to a 10-year low against the yen and its lowest in nearly a year versus the dollar on Thursday, with investors nervous ahead of an Italian bond sale.
Trading was thin, with individual orders causing exaggerated moves. Market participants awaited Italy's sale of up to 8.5 billion euros of bonds, including new tranches of three- and 10-year benchmarks.
Yields halved at auctions of short-term Italian debt on Wednesday, providing some encouragement, but Thursday's auctions were seen as a much sterner test, with markets wary the euro zone's debt crisis was far from being resolved.
"The auction yesterday was good but today's will be more of a barometer for what appetite will be at the start of next year," said Carl Hammer, currency strategist at SEB in Stockholm.
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Guardian.co.uk
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
US Dollar | 1.00 |
Saudi Riyal | 3.75 |
Derham Emirati | 3.67 |
Qatari Riyal | 3.65 |
Kuwaiti Dinar | 0.30 |
Bahraini Dinar | 0.38 |
Omani Riyal | 0.39 |
Euro | 0.81 |
British Pound | 0.71 |
Japanese Yen | 104.70 |
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