Investing.com - The euro rose to session highs against the dollar and the yen on Tuesday, as the yield on Irish 10-year government bonds fell sharply after a bond sale via syndication attracted strong demand from investors.
EUR/USD hit session highs of 1.3653 and was last up 0.14% to 1.3647.
The yield on Irish 10-year government bonds fell to 3.26%, the lowest level since 2009, from 3.35% on Monday.
Ireland’s National Treasury Management Agency gave no indication of the size of the issue of the new 10-year bond, the first since the country exited the joint European Union and International Monetary Fund bailout program last month.
The bond auction was the first since March 2013, when Dublin sold EUR5 billion of 10-year debt.
The euro’s gains were held in check after data released on Tuesday showed that the annual rate of inflation in the euro zone slowed to 0.8% in December from 0.9% the previous month, adding to concerns over the risk of deflation in the bloc.
Elsewhere, data on Tuesday showed that the number of people out of work in Germany fell by 15,000 in December to 2.96 million, better than expectations for a decline of 1,000.
The country’s unemployment rate remained steady at 6.9%.
A separate report showed that German retail sales rose 1.5% in November, more than double expectations for an increase of 0.6%.
The euro rose to session highs of 142.58 against the yen and was last up 0.36% to 142.55.
The shared currency was almost unchanged against the pound, with EUR/GBP edging up 0.01% to 0.8306.
EUR/USD hit session highs of 1.3653 and was last up 0.14% to 1.3647.
The yield on Irish 10-year government bonds fell to 3.26%, the lowest level since 2009, from 3.35% on Monday.
Ireland’s National Treasury Management Agency gave no indication of the size of the issue of the new 10-year bond, the first since the country exited the joint European Union and International Monetary Fund bailout program last month.
The bond auction was the first since March 2013, when Dublin sold EUR5 billion of 10-year debt.
The euro’s gains were held in check after data released on Tuesday showed that the annual rate of inflation in the euro zone slowed to 0.8% in December from 0.9% the previous month, adding to concerns over the risk of deflation in the bloc.
Elsewhere, data on Tuesday showed that the number of people out of work in Germany fell by 15,000 in December to 2.96 million, better than expectations for a decline of 1,000.
The country’s unemployment rate remained steady at 6.9%.
A separate report showed that German retail sales rose 1.5% in November, more than double expectations for an increase of 0.6%.
The euro rose to session highs of 142.58 against the yen and was last up 0.36% to 142.55.
The shared currency was almost unchanged against the pound, with EUR/GBP edging up 0.01% to 0.8306.