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Forex Flash: EUR sell into rallies – Rabobank

FXstreet.com (Barcelona) - The euro is inching higher on Friday, as uncertainties in Cyprus are escalating ahead of today’s parliamentary vote on the permanence of the country in the euro bloc. In addition, the single currency seems to pay no attention to the recent lacklustre data from PMI prints and this morning’s IFO indicator.

“However, going in the weekend we would anticipate that many investors will not want to keep too much risk on the table. If uncertainties persist beyond Monday in Cyprus there is even a greater risk of a move onto safe haven assets into next week’s long Easter weekend. Consequently we favour selling EUR/USD, EUR/JPY and EUR/CHF into rallies”, recommended Jane Foley, Strategist at Rabobank.

Forex: USD/CHF plunges to support at 0.9430/32 as Cyprus in focus

The USD/CHF has fallen on the news of Cyprus, as investors await further news on the rapidly fluctuating situation that has gripped currency markets this week. During European trading Friday, the cross has fallen to the 0.9430/32 region, down a staunch -0.43% off its opening.
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Forex: USD/JPY capped by 95.00 level

The USD/JPY has rebounded nicely off its intraday lows of 94.20, incurred during European trading Friday. Since then, the pair has moved higher, paring its losses, however an attempt to break higher stalled at the 95.00 barrier. In these moments, the cross is once again moving lower to settle at 94.88/90.
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