Published by Jamie JemmesonForex dealers may be impacted by sales of around €8 billion of debt in Italy, the first sell off since the European Central Bank commenced buying bonds from the nation.According to Reuters, figures due next Monday (September 5th) will indicate whether secondary market purchases rose in support of the auction.Marcel Bross strategist at Commerzbank said: "We find it difficult to make a case for sustainable buying interest at the current artificially low peripheral yields, but expect the ECB to be determined to defend yield levels."He added it will also be striving to ensure the introduction of a new five-year benchmark in Spain on Thursday goes as well as possible.Meanwhile, What Mortgage editor Ben Wilkie recently commented that interest rates in the UK and US are likely to be held at their current level for the considerable future, something that may be likely to have a impact on foreign exchange markets.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site