Session Recap: The Greenback advances further; EUR and AUD decline hard

FXstreet.com (San Francisco) - The Greenbank was the winner of the day with advances against major competitors like the Euro, AUD and the CHF. GBP/USD and the USD/JPY traded almost unchanged on the day. The Euro remains weak across the market as investors are concerned on Thursday Cypriot banking opening and a possible money run.

The single currency also lost ground against the Sterling and the Japanese yen.

Main Headlines in the American Session:

American equity markets fall on European concerns

US: Pending Home Sales falls 0.4% in February

Commodities Brief – Gold recovers 1600 mark, silver pares losses

Forex: USD/JPY bounces from 94.03 low after US housing data

Forex: EUR/USD calmer after 1.2752 low

Forex: AUD/USD bounces at 1.0415, back to 1.0440

Capital controls in Cyprus to affect international transactions

Forex: GBP/USD rises to 1.5120 after being supported at 1.5100

Forex: USD/CAD stabilizes around 1.0160/65

Forex: GBP/USD trading negatively at 1.5114/16

Forex: EUR/USD hovering over 1.2765/70, Cyprus eyed

Egan-Jones downgrades UK to A+ from AA-

Wall Street remains subdue on Cyprus and closes mixed