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Asian markets down on concerns over Cyprus

FXstreet.com (Barcelona) - Japan’s Nikkei Stock Average (-2.35%), Hong Kong’s Hang Seng (-0.56%) and South Korea’s Kospi (-0.11%) fell on Friday on concerns over Cyprus and its difficulty in getting financial support, also from Russia. Talks are ongoing. Mainland China’s Shanghai Composite was one exception from the overall sentiment and rose +0.15%.

Futures for the German DAX 30 (-0.28%) and the French CAC 40 (-0.44%) are signaling a lower opening ahead of one more Parliament vote in Cyprus, on banking restructuring and wealth fund bill. Also, Germany will have the March IFO survey at 09:00 GMT.

Forex: EUR/USD orbiting around 1.2900

The single currency is holding steady around the 1.2900 figure on Friday, ahead of the German IFO. Prior surveys expect the indicator to come in a tad higher in March in all of its components....
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Forex: GBP/USD keeps the positive below 1.5200

The sterling is extending its weekly advance on Friday, climbing almost two big figures since Monday lows around 1.5070
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