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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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

Canadian Dollar advances amid Flaherty budget deficit plans

The loonie climbed the most in a one week versus its U.S. counterpart after Minister of Finance Jim Flaherty indicated that he planned to cut down the state's budget deficit and swing into surplus before the election in 2015. The Canadian Dollar gained 0.1% to C$1.0252 per greenback, while it lost ground versus the currencies of fellow commodity-exporting countries, dropping

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