NZD/USD recovery capped at 0.7987 region

The NZD/USD recovery rally has been capped at the 0.7987 level (intraday high) Thursday, whereby the pair turned lower, extending its losses.
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Spanish debt auction meets target

The Spanish Tesoro Público held a debt auction on Thursday, during which it sold a total of 4.02 billion euro worth of 2-, 3- and 10-year bonds, exceeding the maximum target of 3-4 billion euros.
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