The Euro (EUR) rallied for much of the trading day, yet erased all profits in late US session. Spanish and French bond auctions saw yields rise considerably, with Spain recording it highest borrowing cost since 1997, resulting in failed to add to investor confidence as the DAX fell 1.1 %. Negativity in the market ensured the EUR traded from level near 1.3540 to close near 1.3465.
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