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||3.94%||4.01%|
|15 yr fixed||3.13%||3.14%|
|30 yr refi||3.95%||4.05%|
|15 yr refi||3.20%||3.16%|
Today's featured rates:
Baltimore Orioles executive John Angelos said he would want President Trump to apologize for all the offensive comments he's made before he's invited to throw out the first pitch at Camden Yards. More
How's the economy doing? The answer may depend on whether you voted for President Trump. The University of Michigan's consumer sentiment index on Friday showed an "unprecedented partisan divergence" on feelings about the economy. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
New York Republicans want to make sure students at private colleges get more help paying for college, too. More