The euro retained gains near $1.24 as investors liquidated short positions after a robust response to Spanish bond auctions, which also encouraged some investors to shift funds back to euro zone bonds from safe-haven U.S. Treasuries, traders said.
Peripheral European debt markets calmed after the auction, whetting investors' appetite for riskier assets and supporting higher-yielding currencies like the Australian and New Zealand dollars which hovered near one-month highs.
For more: Euro steadies near 3-week highs, dollar on backfoot | Reuters
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