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Wall Street declines on QE reduction talks

FXstreet.com (San Francisco) - The US stocks market failed to sustain earlier highs and the major indexes closed negative on Monday. Investors were concerned on QE ending as Fed of Chicago President Charles Evans said the U.S. economy has improved "quite a lot."

The Dow Jones declined 19.12 points or 0.12% to finish the day at 15,335.28. The S&P 500 eased 1.18 point or 0.07% to 1,666.29. And the Nasdaq Composite lost 2.54 points or 0.07% to 3,496.43.

EU customers with +100K euros in savings would suffer losses in rescued banks

It seems Cyprus was a template after all as a draft European Union law voted on Monday says that, from 2016 onwards, customers with over 100,000 euros in savings when a bank failed could suffer losses.
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Session Recap: The USD cedes as JPY holds

The Greenback traded lower on Monday against its majors competitors as the Japanese Yen performed as catalyst while it was holding levels. "Still not sure if we can call a bottom," points FXstreet.com analyst Valeria Bednarik.
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