EUR/USD slides under 1.1200 mark
Mumbai, Nov. 6 -- Euro eased today, giving up recent gains. Falling bond yields in Germany clubbed with a slide in equities weighed on the single currency. The yields on the German government bonds added to recent losses to test one-year low. The return on the 10-year government note dipped to 3.21%. Meanwhile, European Central Bank (ECB) President Christine Lagarde noted yesterday that the current situation is made hard by the energy shock. Lagarde noted that it is necessary to apply tools to avoid inflation running away. EUR/USD pair fell under 1.1200 mark following these comments and is quoting at 1.1194, down 0.43% on the day and easing from a one-month high.
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