European policy makers in Cyprus have earlier discussed more capital controls and the possibility of an extension of a bank holiday through to the end of the week.
The Cypriot parliament has rejected proposals from the Euro group, and now will have to engage in further negotiations which is set to add to pressure to the Euro.
The rejection of an unprecedented levy on bank deposits has dealt a severe blow to plans to force depositors to take on the burden and shoulder part of the country's rescue.
Now, it's expected that officials from the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Commission (EC), could have to wait until the outcome of an ECB Governing Council meeting today before they make any decisions.
The rejection of an unprecedented levy on bank deposits has dealt a severe blow to plans to force depositors to take on the burden and shoulder part of the country's rescue.
Now, it's expected that officials from the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Commission (EC), could have to wait until the outcome of an ECB Governing Council meeting today before they make any decisions.
The Dollar and Yen though have held gains from Tuesday against most counterparts after investors sought havens as they became concerned that Europe's fiscal crisis could slide out of control.
The Euro earlier fell 0.2% to $1.2861 and declined by 0.3% to 122.23 Yen. The Euro also traded 0.1% lower at 1.2191 Swiss francs. The Dollar dropped 0.1% to 95.06 Yen.
The Euro earlier fell 0.2% to $1.2861 and declined by 0.3% to 122.23 Yen. The Euro also traded 0.1% lower at 1.2191 Swiss francs. The Dollar dropped 0.1% to 95.06 Yen.
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