June 17, 2010
Euro Rallies after Spanish Bond Auction Eases Investor Concerns
The U.S. Dollar traded down against all major currencies, driven lower by increased demand for higher risk assets. Risk appetite was strong this morning following the
news that last night’s Spanish Bond auction overnight was oversubscribed, easing tensions about renewed sovereign debt issues in the Euro Zone.
This morning’s good news erased worries that the Dollar was preparing to strengthen after several consecutive weak days. The U.S. Dollar edged slightly …
