BLBG:Euro Extends Decline Against Dollar, Yen After Spanish Auction
The euro extended its decline against the dollar and the yen after Spain sold fewer bonds than its maximum target at an auction.
Europe’s shared currency weakened 0.4 percent to $1.3175 at 9:49 a.m. London time and depreciated 0.6 percent to 108.91 yen.
Spain sold 2.59 billion euros of bonds, the Bank of Spain said, compared with a maximum target of 3.5 billion euros. The minimum amount the Treasury planned to sell was 2.5 billion euros.
To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
