European Session – Euro falls after Italy bond auction pushes yields higher
Posted on February 27, 2013 at 1:32 pm GMTAfter a getting a brief boost against the dollar, the euro moved back lower towards a seven-week low after Italian bond yields rose at a debt auction on Wednesday. This bond sale comes at a critical time during which Italy has had an inconclusive election and raises concerns over the euro zone debt crisis. EURUSD fell to $1.3076 after the Italian auction from a session high of $1.3120. Earlier in the day the euro was boosted after a survey showed [..]