Session Recap: Dollar declares weekly victory

FXstreet.com (San Francisco) - 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 EUR/USD 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.

ListFree.org (Press Release) - Saturday, March 2nd, 2013

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