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Euro falls after Italian bond auction

From reuters.com

The euro slipped versus the dollar on Wednesday after Italy paid a euro era record yield of 6.47 percent to sell five-year debt, adding to concerns that an EU summit last week had made little progress in tackling the region's debt crisis. The euro slipped to $1.3037 from around $1.3057 before the auction results came out, although it held above an 11-month low of $1.3005 hit earlier in the session. Supporting bids were seen around the psychologically key $1.30 level, traders said. (full story)

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