0034 GMT [Dow Jones] Overnight strength in the EUR won't last long because there are many events today that are possibly negative to the currency, says Barclays Capital chief Japan strategist Masafumi Yamamoto. The events include Spain's auction of 12-month and 18-month bills as well as a no-confidence vote in Italy's parliament against PM Berlusconi that risks his exit. Adds widening periphery spreads vs German bonds weigh on the EUR as well. "Long-lasting euro gains are difficult now." The EUR/USD is last at 1.3384, while the EUR/JPY is at 111.73. ([email protected])
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