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Session Recap: Dollar declares weekly victory

The USD has remained buoyed on Friday as soft global data and the 'sequester' have contributed to the market's cautious mood and benefited the USD for its safe-haven role. Stocks has rising on the day but USD dollar traded decoupled again and the Greenback was the winner against its major competitors.

US political leaders failed to reach an agreement on alternative budget savings triggering automatic spending cuts and they said there a possibility to continue the talks the coming week.

The EUR/USD has reached fresh lowest since December 11 at 1.2965, the GBP/USD has touched levels below the 1.5000 frontier, the USD/JPY has recovered the 93.50 level, the USD/CAD couldn't sustain the 1.0340 high and set back to 1.0270 and the AUS/USD remains depressed below 1.0200.

American equity markets contract after weak US data

US: Markit Manufacturing PMI rose to 54.3 in February

US Feb ISM Manufacturing PMI rises to 54.2 vs 53.1 (Jan)

US Reuters/Michigan Consumer Sentiment Index rises to 77.6 in Feb

Fundamental Afternoon Wrap: What happened to the sequester?

Forex: EUR/USD extends losses to fresh 7-week low

Forex: GBP/USD testing the 1.5000 support

Forex: USD/JPY breaks above 93.00

Forex: USD/CAD falls below 1.0300

Obama: US will get through the sequester

Forex: GBP/USD keeps perfect range above 1.5000

US markets posting gains on US data, dollar advances firmly

Forex: EUR/USD keeps the red around 1.3020

Forex Flash: Holding the 1.28/29 area is vital in sustaining a longer-term bull outlook - TD Securities

"No great surprise that the short-term bear trend in EUR/USD extended further this week," pointed TD Securities FX analysts Shaun Osborne and Greg Moore. With the EUR/USD bottoming at 1.2965 during Friday's American session, the pair has completed a 745 pips decline from February 1st.
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Wall Street closes Friday and the weekly on higher note

The US stocks market closed Friday's session with gains after recovering initial losses. Positive data in the US economy helped to allay jitters on the sequester. The Dow have ended 75 points shy of all-time closing high.
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