Bloomberg News

Euro Strengthens as Spain Beats Maximum Target at Bill Auction

April 17, 2012

The euro strengthened versus the yen and the dollar after Spain sold more than its maximum target at a bill auction.

The shared currency climbed 0.3 percent to 106.01 yen at 9:46 a.m. London time and advanced 0.1 percent to $1.3148.

Spain sold 3.18 billion euros of 12- and 18-month bills, compared to a maximum target of 3 billion euros.

To contact the editor responsible for this story: Nicholas Reynolds at nreynolds2@bloomberg.net


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