Feb 28, 2013
Session Recap: USD advances ahead 'sequester'
The EUR/USD traded decoupled from its historical correlation with Wall Street as the Dow Jones rallied close to all time highs but the EUR/USD was down to test the 1.3060 level. Risk-off mode is prevailing in currencies as cautiousness amongst investors is set to prevail ahead of the so called US ‘sequester’, which kicks in tomorrow.
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