Asian session: The euro dropped

00:01 United Kingdom Rightmove House Price Index (MoM) March +2.8% +1.7%

00:01 United Kingdom Rightmove House Price Index (YoY) March +1.1% +1.2%

00:30 Australia New Motor Vehicle Sales (MoM) February -2.4% 0.0%

00:30 Australia New Motor Vehicle Sales (YoY) February +10.8% +9.4%

The euro dropped to its lowest level this year against the dollar after an unprecedented levy on bank deposits in Cyprus threatened to derail the nation’s bailout and spark a new round in Europe’s debt crisis.

The 17-nation euro declined by the most in three weeks against the yen as investors sought haven assets after Cypriot President Nicos Anastasiades bowed to demands by euro-area finance ministers to raise 5.8 billion euros ($7.5 billion) by taking a piece of every bank account in Cyprus. Scenes of Cypriots lining up at cash machines raised the specter of capital flight elsewhere and threatened to disrupt a market calm that settled over the 17-member currency bloc since the European Central Bank’s pledge in September to backstop troubled nations’ debt.

The yen rose against all 16 major peers after Anastasiades delayed a vote on the measure in parliament until today.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.2885-25.

GBP / USD: during the Asian session, the pair traded in the range of $ 1.5070-25.