German lawmakers, representing the strongest economy in the euro region, issued approval for the emergency bailout aid tranche to Cyprus, which also tugged down the Japanese yen. The currency of the Pacific Rim nation waned against 15 of its top 16 counterpart currencies.
The Spanish Treasury pushed well past its target of auctioning 4.5 billion euros and auctioned 4.7 billion-euros-worth of bonds set for maturity from 2016 to 2023, according to Bloomberg.
The lower house of German parliament endorsed the 10 billion-euro bailout of Cyprus while finance minister Wolfgang Schaeuble said the failure to do so poses too much of a risk of default and spreading the sovereign debt contagion to other member nations.
The Dollar Index, a metric of the value of the world's reserve currency against six top counterparts, also was slumping early during the Thursday trade session.
The Bank of Japan said on Thursday it intends to upgrade monthly bond purchases, according to Reuters. The central bank said its monthly purchases will climb to eight from six.
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