ECB plans capital controls in Cyprus, says Handelsblatt

FXstreet.com (Barcelona) - According to the a leading German language business newspaper, the Handelsblatt, the European Central Bank is preparing capital controls so that it can prevent money leaving troubled Cyprus.

Mar 22, 2013

Forex: EUR/USD on hold above 1.2900 waiting for Cyprus vote

EUR/USD is last at 1.2911, off early session lows at 1.2889, slightly retracing from session highs at 1.2915, while local share markets trade in a mixed way, with Nikkei leading the loses down -1.58%. “The local market is again in consolidation mode,” says Peter Fell at FXBriefs.com, adding: “large option expiry’s are said to be at 1.2900, given there is no event risk until Europe opens, I cannot see the EUR/USD moving to far from the 1.2900 handle.”

Session Recap: Asia ends the week muted expectant on Cyprus

Another quiet session in the Asia-Pacific to end the trading week in the region, with very thin ranges in most of the pairs, EUR/USD 1.2900/20, USD/JPY 95.05/94.90, GBP/USD 1.5175/95, AUD/USD 1.0440/20, and so forth.