Euro flat but vulnerable as Cyprus concerns continue

By Julie Haviv

NEW YORK |
Tue Mar 26, 2013 1:16pm EDT

NEW YORK (Reuters) – The euro steadied contra a dollar on Tuesday, holding above a four-month low strike a prior day, though remaining exposed to fears Cyprus’s banking problems might make investors evade euro section resources or repel income from banks in countries like Spain and Italy.

Worries over a fortitude of banks in those countries followed Cyprus’ proclamation on Monday that it would levy a levy on deposits above 100,000 euros in dual of Cyprus’ largest banks to assistance bind an EU bailout.

Adding to investors’ concerns, a European Commission said

Read full article: http://news.sky.com/story/1069762

Source:
http://www.news.ezonearticle.com/2013/03/26/euro-flat-but-vulnerable-as-cyprus-concerns-continue/