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Cyprus bailout plan pushes euro sharply against the dollar

Traders concerned that investors across the eurozone could panic and scramble to move their capital out of the region

By Richard Nehme | March 19, 2013 11:10 GMT
Euro continues to benefit from weaker USD
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International news

EUR/USD dropped to $1.2925 from $1.3076 in North American trading at the end of last week. The Cyprus bailout plan has pushed the euro sharply lower with fears of contagion spreading fear in the market. Traders are concerned that investors across the eurozone could panic and scramble to move their capital out of the region [...]

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Contact the author rnehme@internationalfx.com

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