Euro Fell to a 15-month Low Against US Dollar on Italy Auction
The US dollar gained strength again today after the US data that came mixed, as jobless claims rose last week above expectations, while Chicago PMI index came better than forecasted in December, in addition, sales of pending homes in the U.S climbed 7.3 percent above expectations of 1.5 percent.
While The euro fell to a 15-month low against the US dollar as Italian bond yields rose after the nation sold less than its maximum target at an auction, highlighting funding problems amid the region’s sovereign-debt crisis.
Noting that the US data helped stocks to rise despite the fears in market, where in Europe DAX gained nearly 0.65% while CAC 40 inclined by 0.80%, on the other hand, the euro slipped trading around the 1.2921 level compared with the opening level today of 1.2939, while the pound fell nearly 75 points trading around 1.5376 level.
The yen is trading around the 77.71 level. The AUD inclined trading around the 1.0108 level. The CHF is returned to opening levels trading around 0.9430 levels, on the other hand, the USD strengthened trading around the 80.57 level.
As fears stood in market, gold dropped trading around the $1530.38 level from the opening at $1555.50, while oil dropped trading around the $98.53 per barrel level.