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Wall Street closes lower on Cyprus fears and earnings releases

FXstreet.com (San Francisco) - The US stocks market closed with losses on Thursday as investors were concerned on the Cyprus situation and the declines were fueled by Oracle lower-than-expected earnings.

The Dow Jones declined 90.24 points or 0.62% to end at 14,421.49. The S&P 500 eased 12.91 points or 0.83% to finish at 1,545.80. The Nasdaq Composite lost 31.59 points or 0.97% to close the day at 3,222.60.

S&P downgrades Cyprus rating to CCC; Outlook is negative

Standard and Poor's rating services has cut Cyprus sovereign rating from CCC+ to CCC, "may default" level. The outlook is negative.
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Session Recap: USD trades lower; AUD/USD rockets

The Greenback traded lower on Thursday against its major rivals but mostly in range against the Euro and the Pound. However, the Yen and the Aussie posted big advances against the Dollar. The USD/JPY collapsed from 96.00 opening area to trade below the 95.00 area.
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