American focus: euro rose

The euro rose for the first time in three days against the dollar and the yen after a successful auction of bonds of Belgium and the European Foundation for financial stability, as well as record growth of German economic sentiment index. Data were published by the German institute ZEW, whose index value improved to Germany and the EU as a whole, breaking the expectations (for Germany in December, the index was -21.6 points at the forecast of -49.5 and -53.8 value for November , for the EU as a whole in December the index was -32.5 points at the forecast of -48.7 and -51.1 value for November). Markets have also provided support for the outcome of the auction on government bonds of Belgium, which showed a decrease in the average return over the same previous release.Belgium today has attracted 2.96 billion of funds under objective 3.0 billion euros. Positive was also an auction of bonds of the European Financial Stability Fund (EFSF), which attracted 1.501 billion euros at 1.5 billion euros target. Funds held for 6 months, the average yield was 0.2664%, covering 3.1.

The yen fell against the euro Tuesday on data from a larger-than-expected growth of China's GDP in the fourth quarter of 2011. China's economy, according to published official figures on Tuesday, grew up in the IV quarter 2011 by 8.9% over the same period in 2010, down from the third quarter (9.1%) but higher than market expectations, constituting an average of of 8.7%.