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

FXstreet.com (San Francisco) - 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.

In addition, rumors about Italy downgrade didn't help the euro.

EUR/USD declined below the 1.2900 level to trade at 4-month lows at 1.2828. The EUR/JPY fell to test the 120.00 level, lowest since February 27, and the EUR/GBP dropped to 0.8455, minimum since February 8th.

Main headlines in the American Session:

American equity markets open higher Monday

Commodities Brief – Precious metals rally on Cyprus comments, crude oil surges above 95.00

US: Dallas Fed Manufacturing Business Index rose to 7.4 in March

Forex: GBP/USD tumbles to 1.5150 after US data

Forex: EUR/USD in a sticky wicket following plunge below 1.2900

Forex: USD/CAD recovers from 1.0185 and jumps above 1.0220

Forex: EUR/JPY falls below 122.00 to test 121.40

Forex: EUR/USD supported by 1.2870/80

Forex: USD/JPY breaks below 94.20 and heads to 94.00

Forex: EUR/USD testing fresh 2013 lows

Forex: US Dollar Index up around 83.00

Cypriot central bank to meet tonight on capital controls

Wall Street closed lower on European worries