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Session Recap: Euro pressured on Cyprus vote

FXstreet.com (San Francisco) - The Euro traded heavy on Tuesday as Cyprus situation pressured down the single currency against its majors competitors. The Cypriot parliament rejected the bank-deposit levy proposal with no votes in favor and in this line, Cyprus blocked the €10Bn bailout.

The EUR/USD losses all of the Monday recovery from gap to reach the lowest level since November22 at 1.2845. The same situation in the EUR/GBP with the pair testing the 0.8500 level for first time since February 11 and the EUR/JPY which pair is trading below the 122.50 mark.

GBP/USD and USD/JPY trade on ranges, the USD/CAD advanced to test the 1.0280 and the AUD/USD declined to 1.0350.

Main headlines in the American Session:

American equity markets recovery Tuesday

The euro continues to be sedated around 1.2950

Forex: USD/CAD falls off session highs to 1.0255/58

Forex: GBP/USD erases gains, down to 1.5080

Fundamental Afternoon Wrap: No escaping the Cypriot storm

Forex: GBP/USD pares losses to trade at 1.5130/31

Cypriot Finance Minister resigns

Forex: USD/JPY plunges to 94.77/78

Forex: EUR/USD collapsing to 2013 lows after Cypriot Fin Min resignation

Forex: EUR/GBP dips to lows around 0.8510/15

Forex: USD/CAD advances further to trade above the 1.0275 level

Cyprus in flux as support for levy hangs in the balance

Forex: EUR/USD keeps the 1.2875/85 after parliamentary vote

Cypriot parliament rejects bank-deposit levy

Forex: EUR/USD hovering over 1.2880

Cypriot levy rejected, European leaders weigh in

Wall Street closes mixed on European situation

Wall Street closes mixed on European situation

The US stocks market has closed Tuesday mixing red and green numbers as investors were concerned on European uncertainty and the Cyprus bank-deposit levy. Lately the market eased previous losses as Cyprus voted no to the levy and stocks traded higher.
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Forex Flash: EUR/USD should struggle around 1.2910 - BNZ

For today, in view of Mike Jones, FX strategist at BNZ, the new established uncertainty and risk averse mood "will keep the USD well supported" he says.
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