Mamma Mia!

Dollar and Euro Currency

Market concern has highlighted that Italy may be dragged into the Eurozone debt contagion, after Italy’s 10-year bond yield surged to more than 7% yesterday, a threshold that prompted Greece, Portugal and Ireland to seek bailouts.

Traders will undoubtedly watch with keen interest the response to Italy’s one-year bill auction worth €5 billion scheduled later today, to gauge market appetite for Italian government debt.

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Mamma Mia!

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