German 10 years bond auction was today

Discussion in 'Forex - Currencies Forums' started by SamClemensMT, Jan 15, 2015.

  1. SamClemensMT

    SamClemensMT Well-Known Member

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    The Germans had their bond auction today. They hoped for a yield of 1.3%, but only managed 0.52%. Another kick in the face for the euro. But the dollar had it's own bad news to balance things off. Month over month retail sales were off considerably. The expectation was for +0.2% but sale dropped -0.9%. Which was a shock of sorts. I guess people are either holding on to their money or they just don't have money to spend. The net efffect is that the euro managed to improve for a second day vs the greenback.
     

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