Bloomberg News

Euro Extends Advance as Italy Sells 7.5 Billion Euros of Bonds

November 29, 2011

Nov. 29 (Bloomberg) -- The euro extended its advance against the dollar after Italy sold 7.5 billion euros ($10 billion) of government bonds.

The 17-nation currency appreciated as much as 0.8 percent to $1.3428 and was at $1.3403 at 10:21 a.m. London time. It climbed 0.3 percent to 104.21 yen.

Italy sold 3.5 billion euros of 2014 notes, 2.5 billion euros of 2022 bonds, and 1.5 billion euros of securities maturing in 2020 at auctions today.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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