sequestration
Euro Sinks Below $1.3000 Threshold
March 1, 2013
A new month brought a barrage of data including manufacturing PMI reports. The U.S.-minus-Ezone PMI spread widened to 6.3 points. Congress failed to avert sequestration in the United States. Markets took the development calmly. The dollar has strengthened 1.0% against sterling, 0.9% versus the Swiss franc, 0.8% relative to the yen, and 0.6% against the […] More
