Euro drops on unprecedented levy on Cyprus bank deposits

Source: Bloomberg

The 17-nation bloc's currency depreciated versus the U.S. Dollar to the lowest level so far this year and it fell by the most in last three weeks against the Yen after finance ministers of the Eurozone decided to raise 5.8 billion Euros by taxing every bank account in Cyprus. The Euro dropped 1.4% to $1.2892 earlier on Monday London session and it slid 2.3% to 121.70 per Yen.


Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.