Eurozone: Spain and Italy Continued to Face Rising Borrowing Costs at Debt Auctions, Australia Q1 Inflation Subdued

AUD still weaken today, latest daily forex news we reported, Australia Q1 Inflation Subdued; Core Inflation Eases, Australia's consumer prices rose only modestly during the March quarter, while core inflation cooled unexpectedly, strengthening the case for an interest rate reduction by the central bank in its next meeting in May

From London we reported, UK Public Sector Borrowing Continues To Rise, Above Forecast, The UK's public sector borrowing rose more than expected in March, according to the latest figures released by the Office for National Statistics, or ONS, on Tuesday

Meanwhile, another troubled Euro Nations Face Rising Borrowing Costs, Spain and Italy continued to face rising borrowing costs at debt auctions on Tuesday as investors were increasingly concerned over the economic outlook of these euro area nations. That said, the nations were successful in raising debt closer to the upper end of their targeted amount. Elsewhere, the Netherlands saw a successful debt sale despite the collapse of the country's government on Monday on its failure to agree on budget cuts