The Euro fell to almost $1.31 after indications that the economy for the Euro region contracted. The Australian and Canadien dollars both declined against the U.S. Dollar. In addition, the Norwegian Krone dropped 1.6 percent to 5.706.
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James Sutliff
The U.S. Treasury may start to offer negative yield auctions. The safety and security of U.S. Treasuries have already led to them being traded at negative yields on secondary markets. According to Reuters, the one month Treasury bill traded on a secondary market at a negative yield in December. The Treasury Departments systems would have to be modified to handle the trading of Treasuries at a premium.
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http://www.foxbusiness.com/investing/2012/02/01/treasury-may-let-investors-pay-to-hold-us-debt/
Jim Sutliff
Germany voted to support a second Greek bailout of approximately $174 billion. The Finland parliament is expected to vote on the Greek bailout this week. Also, European leaders will discuss the Euro zone bailout fund at their next meeting in Brussels on March 1st and 2nd.
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Jim Sutliff
