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Wall Street remains subdue on Cyprus and closes mixed

FXstreet.com (San Francisco) - The US stocks market recovered initial strong losses to close mixed on Wednesday as investors remain concerned on the Cyprus situation and the possible money run on tomorrow's banking opening.

The Dow Jones declined 33.49 points or 0.23% to end the day at 14,526.16. S&P 500 eased 0.92 points or 0.06% to finish at 1,562.85. And the Nasdaq advanced 4.04 points or 0.12% to close the session at 3,256.52.

Egan-Jones downgrades UK to A+ from AA-

Egan-Jones, the independent agency, has decided to cut down its United Kingdom sovereign debt rating from AA- to A+. According to a official press release, "unfortunately, we expect that the UK's debt/GDP will rise and the country will remain pressed (we are waiting for addl 2012 data)."
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Session Recap: The Greenback advances further; EUR and AUD decline hard

The Greenbank was the winner of the day with advances against major competitors like the Euro, AUD and the CHF. GBP/USD and the USD/JPY traded almost unchanged on the day. The Euro remains weak across the market as investors are concerned on Thursday Cypriot banking opening and a possible money run.
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