Cyprus finance minister resigns

FXstreet.com (San Francisco) - According to MNI, Michalis Sarris, the Cypriot Finance Minister, has resigned on Tuesday. However, Cyprus President Anastasiades has rejected Sarris' resignation.

The EUR/USD is trading back below 1.2900 again after bottoming at 1.2880 on Monday.

Mar 19, 2013

Forex: GBP/USD approaching daily highs after Cyprus PM resignation

Having approached the daily low of 1.5074 (going to 1.5077) in early US session, the GBP/USD bounced back to retrace its losses and rise towards its highs as reports say the Cypriot Parliament postponed the vote for tomorrow and, more importantly, the Prime Minister submitted his resignation. The pair reached as high as 1.5136, getting closer to 1.5145 daily high.

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Mar 19, 2013

Forex: USD/JPY plunges to 94.77/78

The USD/JPY has plunged Tuesday afternoon during American trading following the drama in Cyprus, which triggered a bout of risk aversion that is permeating the markets. Having fallen through multiple supports, the pair has settled at 94.77/78 in these moments, suffering a decline of -0.50% off its opening.

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