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

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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