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Forex Flash: Cyprus stays in key focus - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that the real focus remains in Europe and after several days of meeting with Russian officials, Cypriots have come back empty handed.

Additionally, they add that the Germans have made it clear that the Cypriot proposal for a solidarity fund that raids pensions is not acceptable. They write, “That’s after they had backed the Cypriot President's proposal last weekend to tax small depositors. The negotiating style, if one wants to call it that, is not helpful. Not attending meetings and more broadly, not talking to the Troika, has irked Cypriot neighbors.” The team believe that the restructuring of the country's' two largest banks appears to be a step in the right direction, but it does not sufficiently address the problem itself. They add, “The meaning and significance of the S&P downgrade of Cyprus' credit to CCC from CCC+ with a negative outlook escapes us.”

Forex: USD/CHF falls below 0.9400 level and bounces

The USD/CHF has been in a state of flux since this morning, when the Cypriot dilemma reached a new crescendo. With investors optimistic of a bailout later today, the USD/CHF has since rebounded off an intraday low of 0.9398 to trade back at 0.9422/24 in these moments.
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Forex Flash: EUR/USD to see upside ahead? - Nomura

Nomura strategist Saeed Amen has taken a look at EUR/USD from a purely technical perspective.
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