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US markets paring losses, eyes on Cyprus

FXstreet.com (Barcelona) - The situation in Cyprus continues to drive the mood in the US markets on Monday, now partially trimming initial losses after Eurogroup’s J.Djisselbloem retracted from his former comments regarding Cyprus’s bailout. The greenback, gauged by the US Dollar index, is sharply higher against its rivals, hovering over the key resistance of 83.00
DowJones is down 0.51%, followed by the Nasdaq, 0.36% and the S&P500, 0.39%.

Bourses in Europe closed in the defensive territory, dragged by renewed concerns on the future of Cyprus after markets digested the deal over the weekend. The IBEX35 fell 2.27%, seconded by the CAC40 and the DAX, down 1.12% and 0.51%, respectively.
The shared currency is hovering over 1.2850 after printed fresh 2013 lows in the area of 1.2830, losing more than 2 big figures since highs post-deal around 1.3050

Commodities are trading mixed, with the barrel of WTI gaining 0.94% at $94.59 and the ounce troy of gold retreats 0.17% at $1,605

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