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More on Cyprus: levy needs to pass Congress now

In an unprecedented move, European finance ministers had agreed over the weekend, on a levy on Cypriots’ bank account, to save the country near € 6 billion and be eligible for bail-out. The move to take a percentage of deposits in between 6.75% and 9.9%, must now be ratified by parliament...
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Forex: Cyprus-induced Euro selling sends rate near $1.29

The EUR/USD is under massive selling pressure at the early going of the Asia session, having breached significant intra-day demand levels to land at the 1.29 doorstep following last week's high at 1.3106, well protected supply area as per March 8 NFP sell-off reaction.
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