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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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Wall Street posts declines after easing rally, but closes Feb in positive

The US stocks market has closed the last day of February with red numbers as the major indexes retreated from highs to post losses at the last session hour. The Dow finished withing 100 points of 2007 record peak.
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