Bloomberg News

Euro Stays Lower Against Dollar, Yen After Italy Sells Debt

June 28, 2012

The euro stayed lower against the dollar and the yen after Italian borrowing costs rose at an auction.

The 17-nation shared currency weakened 0.3 percent to $1.2434 as of 10:17 a.m. London time. It declined 0.7 percent to 98.66 yen.

Italy sold 5.4 billion euros of debt due in 2017 and 2022. The average yield on the ten-year bond was 6.19 percent, compared to 6.03 percent at an auction on May 30.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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


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