Euro firms, Bunds steady before Italian auction

Posted by Forexsq 565 days ago (http://www.reuters.com)
img The euro gained against the dollar while German bond prices held steady on Wednesday ahead of Italy's first debt sale since its credit rating was cut due to political uncertainty.

Yields are expected to climb at the sale of up to 7.25 billion euros ($9.4 billion) of new Italian bonds although demand for high yielding assets and the European Central Bank's promise to underpin the euro should limit the rise.

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