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Session Recap: The Greenback advances further; EUR and AUD decline hard

FXstreet.com (San Francisco) - 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.

The single currency also lost ground against the Sterling and the Japanese yen.

Main Headlines in the American Session:

American equity markets fall on European concerns

US: Pending Home Sales falls 0.4% in February

Commodities Brief – Gold recovers 1600 mark, silver pares losses

Forex: USD/JPY bounces from 94.03 low after US housing data

Forex: EUR/USD calmer after 1.2752 low

Forex: AUD/USD bounces at 1.0415, back to 1.0440

Capital controls in Cyprus to affect international transactions

Forex: GBP/USD rises to 1.5120 after being supported at 1.5100

Forex: USD/CAD stabilizes around 1.0160/65

Forex: GBP/USD trading negatively at 1.5114/16

Forex: EUR/USD hovering over 1.2765/70, Cyprus eyed

Egan-Jones downgrades UK to A+ from AA-

Wall Street remains subdue on Cyprus and closes mixed

Wall Street remains subdue on Cyprus and closes mixed

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.
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Forex: EUR/USD continues with its south route as Cyprus great bank opening comes

Which is the EUR/USD next stop, 1.29 or 1.26? asked in a recent report the BK Asset Management analyst Kathy Lien after pointing that the EUR/USD extended losses following a brief pause on Tuesday. But on Wednesday, the Euro remained weak across the market as investors are concerned on Thursday Cypriot banking opening and a possible money run.
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