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Forex: EUR/USD around 1.2950 on US housing data

FXstreet.com (Barcelona) - The bloc currency posted no reaction after the better-than-expected data from the US housing sector, with the Building Permits increasing by 946K and Housing Starts following suit by 917K, vs. estimates at 925K and 915K, respectively.

The cross remains isolated in its comfort zone around 1.2950, ahead of the parliamentary vote in Cyprus due at 1600GMT.

At the moment, the cross is down 0.08% at 1.2947 with the next support at 1.2883 (low Mar.18) ahead of 1.2878 (low Dec.7) and finally 1.2872 (MA200d).
On the flip side, a break above 1.2995 (high Mar.18) would accelerate the upside to 1.3009 (MA10d) and then 1.3074 (MA21d).

Forex: AUD/USD testing support near 1.0368/70

The AUD/USD has fallen sharply in recent minutes, on the heels of upbeat US data, after an upside attempt stalled at the 1.0382 region. At the time of writing, the cross is entrenched in negative territory, trading at support near 1.0368/70, -0.30% off its opening.
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Forex Flash: Take two, European officials likely to pass revised plan in Cyprus – UBS

Media reports suggest the Cypriot government is currently redesigning how losses will be distributed amongst depositors in Cypriot banks, such that small depositors shoulder less of the burden (or perhaps escape entirely). The government is up against the clock though with parliamentary debate due to begin at 16:00 GMT on Tuesday (after several previous postponements).
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