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Germany: ZEW Survey – Economic Sentiment rises slightly in March

FXstreet.com (Barcelona) - The German ZEW Survey – Economic Sentiment improved slightly to 48.5 points in March, from 48.2 points in February, the Zentrum für Europäische Wirtschaftsforschung reported today. Market consensus pointed to a decrease to 48 points.

The German ZEW Survey – Current Situation jumped to 13.6 points from 5.2 points and considerably above forecasts of a rise to 6 points.

Fundamental Morning Wrap: EZ U-Turn as initial Cyprus plans head for U-Bend?

This morning´s institutional research again has a Cypriot focus, as analysts consider the evolving debacle and the many different potential outcomes. A consensus view looks to be forming that the initial decision was at best "misguided" and now a policy u-turn may be in the making, which would protect smaller depositors and preserve the sanctity of the Eurozone wide deposit protection scheme, which has been so critically undermined.
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Forex: USD/CHF pressured as European session unfolds

The greenback is being sold against the Swissy after touching 0.9480 as the European session opened. The pair has already gone to 0.9452 low via spike on the release of the ZEW survey.
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