The euro fell more than two cents as a result of the concern for Spain
The euro fell two cents today, to its lowest for two weeks, following the results of the emission of Spanish Treasury debt.
The single currency was trading at 16.00 hours GMT to $ 1.3127, up from $ 1.3340 the last hours of European trading the currency market on Tuesday.
The ECB today fixed the official exchange rate of $ 1.3142 euro.
The euro fell sharply after knowing the minutes of the last meeting of the Open Market Committee Federal Reserve (Fed), which signaled a new round of quantitative easing, ie buying more debt.
Markets have speculated about this possibility after the Fed chairman, Ben Bernanke, highlight the fragility of the recent recovery of the U.S. labor market early last week.
The Spanish Treasury today placed 2.589 million euros in three issues of bonds with different maturities, resulting in a greater interest in all of them in relation to other auctions and raising the minimum amount in relation to initial target of between 2,500 and 3,500 million euros .
The risk premium in Spain soared by over 390 basis points in the secondary market.
The ECB president Mario Draghi said the governing council kept interest rates at 1% and unanimously described as “premature” to talk now to implement an exit strategy to measures implemented in the crisis.
The euro fluctuation band against the greenback today ranged between 1.3107 and $ 1.3239.
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