Cyprus banks to remain closed until Thursday

FXstreet.com (San Francisco) - Cypriot finance minister has ordered all banks in the country to remain closed until Wednesday and just open on Thursday according to sources from Central bank. Banks were expected to open Tuesday March 26th after remaining closed since March 16th.

The Cypriot central bank was meet Monday night looking for measures to avoid money's outflow and to introduce capital restrictions.

Mar 25, 2013

Session Recap: The Euro is the big loser of the session

The Euro has traded lower on Monday against its major competitors as the confidence on the single currency has been hurt by the Cypriot resolution hangover. Jeroen Dijsselbloem, head of the Eurogroup of eurozone finance ministers, affirmed that the Cypriot plan would be used as template for another countries in the eurozone. then, investors were afraid for more levys and capital restrictions across the union.

NZD/USD: Remains around 0.8350 after trade balance report

The kiwi finished Monday practically unchanged against the US Dollar after moving sideways around 0.8350.