The ICE US Dollar Index open’s today’s session back under the key 80 level and the greenback slipped against the euro currency yesterday after German investor sentiment rose, following strong demand at an auction for Spanish government debt.<\/p>\n
Latest Dollar Index Rate<\/strong><\/p>\n The ICE US Dollar Index, which tracks the US dollar against six major world currencies was trading at 79.800 – 09.33 GMT today, from the session open of 79.627.<\/p>\n Euro Data & Debt<\/strong><\/p>\n German investor sentiment unexpectedly rose in April for the fifth straight month. And Spain was able to sell more than $4.2 billion in debt Tuesday. Demand was strong, even though Spain’s borrowing costs have risen in the past few weeks on concerns that the country may need a bailout.<\/p>\n The euro rose to $1.3139 per US dollar in late trading Tuesday from $1.3134 late Monday.<\/p>\n However, the euro dipped against the dollar this morning after the French President said a strong euro hurt exporters and should be discussed with the European Central Bank, and it looked set to stay under pressure with investors still wary of Spain’s fiscal problems.<\/p>\n Traders cited selling by Swiss investors after French leader Nicholas Sarkozy said the euro’s exchange rate should be up for discussion with the ECB.<\/p>\n The common currency hit a session low of $1.3087, falling around 0.3 percent on the day. The move erased modest gains made the previous day on upbeat earnings from US companies, decent demand at a Spanish bill auction and a better than expected German ZEW sentiment survey.<\/p>\n Market players said the euro could come under further pressure ahead of a Spanish bond auction on Thursday, and poor demand and high yields at the auction would aggravate concerns about Spain’s fragile fiscal position.<\/p>\n