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US markets trading in red as Cyprus weights

FXstreet.com (Barcelona) - Equities in the US markets are trading on the back foot on Tuesday, as uncertainties emanating from Cyprus are weighting on sentiment. The Cypriot Parliament has recently rejected the bank-deposit levy, intensifying the pessimism amongst investors. The greenback, measured by the US Dollar Index, is trading in the upper end of today’s range, bolstered by the increasing risk-off tone.
At the moment, DowJones is losing 0.18%, followed by the S&P500 and the Nasdaq, down 0.51% and 0.62%, respectively.

Markets in Euroland closed again the red territory, dragged by the unclear panorama in Cyprus. The IBEX35 was the worst performer, losing 2.20% on the day, followed by the French benchmark 1.3% and the DAX, 0.79%. The single currency posted fresh 2013 lows in the boundaries of 1.2850 after Cyprus’s finance minister stepped down, breaking below the congestion pattern in the area of 1.2950

Commodities are trading mixed, with the barrel of WTI plummeting 1.72% at $92.13 and the ounce troy of gold advancing 0.34% at $1610

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