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Forex Flash: Cyprus strikes a deal of sorts - Societe Generale

FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale notes that a framework seems to have been agreed, which means that we are off to the next round in Cyprus.

He writes, “With the odds of contagion dropping even lower, this should disappear as a factor for eurusd (not russia). Our models showed 1.31 was the top of the range in eurusd, some traders thought we wouldn't even reach 1.3050 before consolidating. The market wants to be long usd as evidenced by a continuous rise in the cftc data.”

Forex Flash: What lies ahead of EUR/USD? – Commerzbank, UBS and Westpac

The bloc currency is hovering over the key limestone of 1.3000 on Monday, giving away part of the initial gains after the deal on Cyprus’s bailout pushed the cross to the vicinity of 1.3050 overnight....
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Forex Flash: Dollar Index peaked on March 14th - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the Dollar Index actually peaked on March 14, days before Cyprus erupted, and recovered but not enough to make a new high last week.
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