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Asian markets cheer Cyprus bailout deal

FXstreet.com (Barcelona) - An agreement between Cyprus, the EU finance ministers and the Troika reached earlier today is being cheered by investors. Japan’s Nikkei Stock Average (+1.69%), South Korea’s Kospi (+1.49%), Hong Kong’s Hang Seng (+0.59%) and India’s Bombay Sensitive (+0.59%) edged higher on Monday, along with most Asian equity indexes and the exception of Mainland China’s Shanghai Composite (-0.12%).

Futures for the German DAX 30 (+1.05%) and the French CAC 40 (+1.65%) are signaling a higher opening ahead of the European session, where investors will price in the Cyprus-Troika deal reached today.

Forex: EUR/USD around 1.3035/40 on Cyprus

The single currency is back above the key mark of 1.3000 on Monday, after the ‘Troika’ and the Government clinched a last-minute deal on Sunday night....
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Forex: GBP/USD flat above 1.5200

The sterling keeps last week’s positive momentum trading above the key level of 1.5200 on Monday, also lifted by the generalized optimism after Cyprus reached a last-minute deal...
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