GO
Loading...

Cyprus Deal Hits the Euro, Pound Lifts

Monday, 18 Mar 2013 | 7:49 AM ET
CNBC

A bailout plan for Cyprus that involves taxing bank deposits spooked investors and sent the euro tumbling. [CNBC]

Cyprus may put forward a modified bailout deal that would entail less pain for bank depositors with smaller accounts. [CNBC]

Traders squeezed the yen higher in the wake of the Cyprus bailout deal as risk aversion increased.

The dollar corrected higher on news of the Cyprus bailout deal. [dailyfx.com]

[CNBC]The Cyprus bailout deal sparked worries about contagion in the euro zone, and the Australian and New Zealand dollars fell. [CNBC]

The pound rose against the euro, responding to the Cyprus news and to comments last week by the Bank of England chief. [economy-news.co.uk]

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.

Learn more: The essential vocabulary for currency trading is on Key Terms Dictionary. Top currency strategies are broken down for you in Currency Class.

Talk back: Tell us what you want to hear about - email us at moneyinmotion@cnbc.com.

Featured