Thursday, 17 November 2011

FOREX-Euro rises 5-week low but contagion fears persist

* Spanish bond yields soar after poor auction * ECB buying helps bond yields retreat, lifts euro * Italy's Mario Monti outlines reforms to boost confidence By Wanfeng Zhou NEW YORK, Nov 17 (Reuters) - The euro edged higher from a five-week low against the dollar on Thursday after bond yields in some ...


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    • This week witnessed another flareup in the eurozone sovereign debt crisis. As a result, volatility in the EUR/USD pair surged, by some measures to a record high.
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