A stronger demand then previous t-bill auctions, made the euro gain slightly against the main trading partners on Tuesday.
Government t-bill auction received $780 million euros
Today’s auction was attracting double as much capital as the last time. The treasure bills sold had a lenght of 26 weeks at a yield of 4.55 %. Greece also offered t-bills with a lenght of 52 weeks, with a yield of 4.85 %.
Euro rise against Dollar & Sterling Pound
It seems like euro forex traders were happy about the successful t-bill auction. During the afternoon, the Euro have risen considerable against several other currencies.
Against the Dollar (EUR/USD) from 1.3626 to 1.3573, and against the Pound Sterling (EUR/GBP) from 0.8808 to 0.8839.
euro - us dollar, 13th of April
Intraday graph, Euro against US Dollar above. (See more dollar graphs here)
euro - sterling, 13th of April
Intraday graph, Euro against Pound Sterling above. (See more Euro graphs here)
Finally, the Euro against the Swiss Franc (EUR/CHF) went from 1.4390 to 1.4334.
euro - franc, 13th of April
Intraday graph, Euro against Swiss Franc above.
Or why not check our some more Euro graphs.
Where do you think the Euro is heading in the coming weeks?
A consensus of almost fifty economic experts predicts that Britain will show a growth rate that exceeds the rest of the G7 nations in the coming quarters, but the Bank of England is in no rush to increase interest rates, which might slow the rate of recovery.
