Euro was steady against the dollar on Thursday, offsetting some of the sharp losses incurred by the previous session, but it is still likely to decline by the decision of the European Central interest and an auction of Spanish bonds are expected to show concern over the markets on the economic problems of Spain.
Prior to the meeting of the Central Bank in Barcelona, Spain will sell bonds for three to five years amounting to 2.5 billion euros in the first test of investor appetite since the country's slide into recession and cut its credit rating.
The euro was steady around in the latest treatment at 1.3153 dollars to hovering near its lowest level in ten days of the record of $ 1.3121 on Wednesday, following the weaker than expected data for the manufacturing sector in the euro zone and the high unemployment figures.
The pressure on the euro to rise in the dollar index to 79.150, away from the lowest level in two months of $ 78.603, which struck on Tuesday, against the Japanese currency and the dollar rose 0.1% to 80.24 yen, its lowest level in over ten months, which struck on Tuesday at 79.64 yen.
The New Zealand dollar fell after a jump in the unemployment rate of local registered U.S. $ 0.8040, its lowest level since late January, and in the most recent treatment of the New Zealand dollar fell 0.7% from the previous close to 0.8049 U.S. dollars.
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