A few minutes later, it seems as though no one can find confirmation that Cyprus’ central bank was talking about leaving the euro. EUR/USD has quickly rebounded to 1.2940.
It seems as though the headlines emanated from Russia. Many cited Reuters but I can confirm that Reuters is not reporting it.
MNI is also noting that poll taken after the deposit tax plan shows that 73% of Cypriots favor remaining in the euro.
After the sudden jolt, stocks sold off and that spilled over to USD/JPY. Kind of a gong show at the moment.
