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American equity markets open higher Monday

FXstreet.com (Barcelona) - The US Stock market experienced edged higher Monday as a resolution in Cyprus helped steady the nerves of investors. Beginning with the indices and composites, the NASDAQ rose +0.32% as it settles in region of 3255.32, up +10.26 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1562.85, ascending +6.02 points or +0.39% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14531.62, presently +0.13% after a movement of +19.59 points.

Sectors are all positive currently, however the Financial and Technology sectors have distinguished themselves as main winners thus far, advancing +0.34% and +0.31% respectively. In other news, the price of crude has settled above USD $94.72/bbl Monday, trading near session highs.

Forex: USD/CHF explodes to session highs in Cyprus panic move

The USD/CHF spent much of Monday morning suffering from optimism that was helping sustain the EUR during European trading. However, that move has quickly changed, after the Chairman of Cypriot Parliamentary Finance Papadoloulos that said they must assess benefits of a euro exit. This sent the pair shooting towards session highs at 0.9440/46, though the cross has since eased back to 0.9333/35.
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Forex Flash: EUR/USD sell on rallies – Rabobank

As the effects of the Cyprus’s bailout deal are dying off, so is the recent correction higher in the single currency, falling from weekly highs around 1.3050 overnight to current lows in the region of 1.2930/35...
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