Euro steady ahead of ECB meeting, bond sales
Friday, 13 January 2012
TOKYO, Jan 12 (AFP): The euro was steady in Asia Thursday ahead of a closely watched meeting of the European Central Bank and bond auctions by debt-ridden Spain and Italy.
The single currency bought $1.2717 and 97.75 yen in Tokyo afternoon trade, compared with $1.2707 and 97.70 yen in New York late Wednesday.
The dollar was almost flat, trading at 76.86 yen.
The euro remains biased to the downside but sharp falls were unlikely in Asia ahead of Thursday's European Central Bank (ECB) meeting and Spanish and Italian bond sales later, said a senior dealer at a major Japanese trust bank.
The single currency bought $1.2717 and 97.75 yen in Tokyo afternoon trade, compared with $1.2707 and 97.70 yen in New York late Wednesday.
The dollar was almost flat, trading at 76.86 yen.
The euro remains biased to the downside but sharp falls were unlikely in Asia ahead of Thursday's European Central Bank (ECB) meeting and Spanish and Italian bond sales later, said a senior dealer at a major Japanese trust bank.