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Forex Flash: Cyprus Popular Laiki bank limits withdrawals to €260/day - Societe Generale

FXstreet.com (Barcelona) - As Sebastien Galy, currency strategist at Societe Generale, notes, "the Eurozone is insisting on the 100K protection which consequently leaves the offshore depositors to take the risk."

"What seems to be going ahead is the bank resolution (bad bank good bank) for one of the two major banks. This is the most pressing issue, with one bank restricting cash withdrawals to 260 EUR per day per person" he adds.

Forex Flash: NZ GDP leads to 35% chance RBNZ hike by year end - BNZ

The NZD ends Thursday as the best performing currency on the great NZ GDP read 24 hours ago and solid NZD/EUR demand, resulting on the rate being taken above 0.8300.
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Forex: The 1.29 is the new 1.30; Is the EUR/USD just trading in consolidation?

During the first half of March the EUR/USD traded almost pegged to the 1.3000 level moving between 1.2960 and 1.3100. But with the beginning of the second half, the pair went down one notch to 1.2900, where the pair remains trading closely in the last days. Is it a corrective movement from recent declines?
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