NEW YORK (CNNMoney.com) -- The euro pared gains against the dollar Thursday, as debt concerns sparked in the previous session abated after Spain held a strong bond auction.
What prices are doing: The dollar fell 0.2% against the euro to $1.2389, and it also lost about 0.2% on the British pound to $1.4818.
The greenback dropped 0.5% against the Japanese yen at ¥91.98.
What's moving the market: On Wednesday, a report in Spanish newspaper El Economista that said the International Monetary Fund, the European Union and the U.S. Treasury are preparing a $308 billion bailout for debt-strapped Spain.
The rumor refueled worries about Europe's fiscal crisis, but the report was later denied.
What analysts are saying: Investors were cheered further when Spain announced that its sale of 10-year and 30-year bonds had been met with ample demand.
But the sovereign debt problems facing many European economies remains a concern, notes Camilla Sutton, a currency strategist at Scotia Capital.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.90%||3.84%|
|15 yr fixed||3.10%||3.03%|
|30 yr refi||3.90%||3.83%|
|15 yr refi||3.10%||3.03%|
Today's featured rates:
The streaming giant has agreed a licensing deal with Baidu's online video platform iQIYI. More
The World Trade Organization ruled in Mexico's favor over the U.S. in a dispute over tuna. More
Uber expects full-scale operation of a flying car network in 2023. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
JetBlue took the top spot as passengers' favorite airline, followed by Southwest, according to the latest travel report from the American Customer Satisfaction Index. More