You don't have permission to access /The euro found some support after tumbling to a four-month low against the U.S. dollar earlier, after talks in Greece aimed at forming a government failed, forcing another round of elections in June. Uncertainty over the outcome of the new elections fuelled fears over Greeceās ability to uphold its financial commitments and its possible exit from the euro zone. Peripheral bond yields eased as market sentiment improved, with the yield on Spanish 10-year bonds easing back to 6.3% from 6.41% earlier, while the yield on Italian 10-year bonds pulled back to 5.98% after rising above 6% earlier. Meanwhile, a report earlier showed that consumer price inflation in the euro zone held steady at 2.6% in April, unchanged from a preliminary estimate. Month-on-month, CPI rose 0.5%, in line with expectations, after rising by 1.3% in March.
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