Can Euro hold it???

The declination of Euro reached 1 percent against the Greenbacks and 0.8 percent per JPY. CHF rose 1 percent against the Euro and it advanced against 14 of its 16 main counterparts.

The Italian 10-year debt yield advanced 15 basis points to 4.58 percent as the government auctioned 6.8 billion euros of bonds due in 2013, 2017 and 2021. Credit-default swaps on Spain climbed 24 basis points to 247 while contracts on Portugal increased 36.5 basis points to 538.5, according to CMA, a data provider. The Markit iTraxx SovX Western Europe Index of swaps on 15 governments increased six basis points to a record 194.

Irish bonds fell, erasing earlier gains, sending the extra yield investors demand to hold 10-year Irish bonds instead of benchmark German bunds six basis points higher, widening for the seventh day. The cost of default swaps on Irish government debt rose four basis points to 602, while contracts on Greece dropped 21 basis points to 951, according to CMA.