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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.

The Dow Jones added 35.17 points or 0.25% to finish the day at 14,089.66, the DJIA gains 0.7% on the week. The S&P 500 advanced 3.52 points or 0.23% on the day to end at 1,518.20, on the week the S&P posted 0.2% gains. The Nasdaq Composite finished at 3,169.74 after advancing 9.55 points or 0.30 on the day and 0.3% on the week.

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.
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Forex: EUR/USD closes just above 1.3000; 1.29 vital area

One month and 745 pips later, the EUR/USD has been brought to earth from the February 1st high at 1.3710 to Friday March 1st bottom at 1.2965. However, the euro managed to recover some ground and following the US President Barack Obama speech on 'sequester', the pair has closed above the 1.3000 key level. Is time for bears now? Let see...
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