FOREX-Euro skids, yen jumps as Cyprus deal alarms

Sun Mar 17, 2013 10:23pm GMT

* Euro skids opposite a house in initial Cyprus reaction

* Yen gaps aloft as speculators held short, USD follows

* Focus on Cyprus council vote, marginal bond yields

By Wayne Cole

SYDNEY, Mar 18 (Reuters) – The euro skidded reduce in Asia
early on Monday as warn news that Cyprus would have to tax
depositors as partial of a bailout devise was taken as environment a
dangerous fashion that during misfortune could eventually risk bank
runs elsewhere in a region.

The singular banking was changing hands during $1.2907
, down from $1.3054 late in New York on Friday. It
sank opposite a yen to 122.27 yen, from around
124.54. And

Read full article: http://www.brisbanetimes.com.au/opinion/political-news/got-to-be-a-hard-bastard-20130317-2g8r2.html

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Source:
http://www.news.ezonearticle.com/2013/03/17/forex-euro-skids-yen-jumps-as-cyprus-deal-alarms/