US: 6-Month Bill Auction: 0.11%; 3-Month: 0.085%

Mar 18, 2013

Cypriot banks to remain closed until Thursday

Eurozone finance ministers are due to hold a conference call on Monday evening in order to discuss the situation in Cyprus. The government in Nicosia is trying to reach a last-minute agreement on how to soften the impact on small savers of the bank levy, which is one of the conditions required by international lenders in exchange for the bailout.

Forex Flash: Cyprus reaction over exaggerated - BBH

Brown Brothers Harriman analysts believe that the immediate reaction to the developments in Cyprus during Asia trading time was exaggerated and the market spent the Tokyo afternoon and the European morning retracing the initial moves.