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Spanish borrowing costs fall at short-term debt auction

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 4.057 billion euros worth of 3- and 6- month Letras, at the top of the the maximum target of 3-4 billion euros.

1.74 billion euros of 3-month bonds were auctioned at an average yield of 3.299%, compared with 5.76% seen at the previous auction. 2.263 billion euros worth of 6-month paper, were sold at an average yield of 2.45% versus the previous 2.31%.

Forex Flash: Final Cypriot decision tentative - OCBC Bank

OCBC Bank analysts note that the final decision regarding Cyprus bank deposit levy is still tentative and this would continue to prompt investors putting a brake on their recent riskon actions.
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Forex Flash: RBA in wait and see mode - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that we had the minutes from the RBA meeting on 5th March and as was signalled in the statement, the RBA expressed optimism that the positive impact of monetary easing on the economy “still had further to run”, confirming again the likelihood that the RBA is in wait-and-see mode to assess the 175bps of easing that has been implemented since November 2011.
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