Euro trades close to the lowest level in almost four months after ECB declares deadline to Cyprus

Note: This section contains information in English only.
Source: Bloomberg
The Euro traded 0.4% from the four-month low as the European Central Bank gave Cyprus one week to decide on bailout package or fail to get emergency funding. The 17-nation currency remained steady at $1.2900, while it dropped 0.2% to 122.16 Yen. For the week, the Euro is poised for a 1.4% fall against the U.S. Dollar and a 2% decline versus the Yen, the biggest since the beginning of February for both currency pairs. The Japanese currency has advanced 0.6% this week versus the greenback.
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Fri, 22 Mar 2013 10:20:12 GMT

Germany's bonds gain amid Cyprus policymakers' bailout debate

German 10-year bonds climbed, pushing yields to the 11-week low, after Cypriot policymakers' debate on bill to unlock rescue funds. German long-term bond yields dropped two basis points, or 0.02%, to 1.34%, the lowest since January, while the 1.5% security with time to maturity in February 2023 advanced 2 euros per 1,000-euro ($1,290) face value amount, to 101.435.

Fri, 22 Mar 2013 09:58:11 GMT

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