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Spanish borrowing costs rise at auction

The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 4.613 billion euro worth of 2-, 5- and 16- year bonds.

1.95 billion euros of 2-year bonds were auctioned at an average yield of 2.82%, compared with 2.47% seen at the previous auction. 2.07 billion euros worth of 5-year bonds, were sold at an average yield of 4.12% versus the previous 3.77%. The remaining 593 million of bonds maturing in 2029 were auctioned at an average yield of 5.78%, slightly higher than the previously seen 5.55%.

Forex: EUR/USD above 1.3550 ahead of ECB

With the ECB ahead, investors are pushing the EUR/USD higher on the day, currently topped at 1.3578 and quoting at 1.3550 as of writing. On the downside, the 1.3500 held up nicely on the Asian session and the European morning rally was supported by the opening price, at 1.3521.
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Forex: EUR/GBP dampens on Carney's hawkish statement

Incoming BoE Governor Carney is testifying before UK lawmakers and has said that the central bank must exit unconventional policy. Investors are interpreting those words as pretty hawkish for the British Pound, sending it on a rally. As consequence, the EUR/GBP is falling sharply, by around 60 pips from 0.8660 to test the 0.8600 psychological level.
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