February Month end shenanigans, mixed with a little yield play ahead of the ECB meet next week, and delivered with an assortment of US data had a forex market struggling to find conviction. However, disappointing Euro-zone activity data this morning seems to have quickly filled some of that void. The dollar is back in demand despite the sequester cloud that kicks in with automatic spending cuts at midnight. The DXY index trades close to its six-month high as some investors ease towards risk aversion strategies now that the EUR is in a position to threaten Merkel’s highly publicized EUR low support level of 1.30. ... (full story)