Key news
– The situation in Cyprus has intensified after the Cypriot parliament yesterday voted down the controversial deal to tax bank deposits. There are media reports of possible capital controls being imposed.
– The Cyprus situation is worrying investors and it has increased global risk aversion. That said, the global stock markets are holding up fairly well and the US stock markets ended yesterday’s trading more or less flat on the day, while Asian stock generally are moderately higher this morning.
Click here to read the full report: FX Daily
Danske Bank