Reuters: US Dollar Report: Euro rises, bunds cut gains on Cyprus-Greek deal on banks

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Euro rises, bunds cut gains on Cyprus-Greek deal on banks Mar 22nd 2013, 11:01 Fri Mar 22, 2013 7:07am EDT LONDON, March 22 (Reuters) - The euro rose to a session high versus the dollar and recovered from a two-week low against the yen on Friday after the Cyprus said there was an agreement with Greece to spin off Greek units of Cypriot banks. The euro rose to $1.2945 and was up 0.3 percent on the day against the dollar. The euro also recovered from the two-week low against the yen of 121.44 yen to last trade at 122.38 yen, flat on the day. German Bund futures cut gains to touch a session low of 144.54. They were last 14 ticks up on the day at 144.60. Gilt futures halved early gains to stand 16 ticks up on the day at 117.82.

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