Friday, March 1, 2013

Reuters: US Dollar Report: Euro falls to 2013 low versus buoyant dollar

Reuters: US Dollar Report
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Euro falls to 2013 low versus buoyant dollar
Mar 1st 2013, 12:25

LONDON, March 1 | Fri Mar 1, 2013 7:25am EST

LONDON, March 1 (Reuters) - The euro fell to a new 2013 low on Friday as concerns about Italy, poor euro zone economic data and worries over looming U.S. budget cuts pushed the single currency through reported options barriers at $1.30.

The euro fell 0.5 percent on the day to $1.29855, its lowest level since Dec. 11. Traders said stop loss sell orders were triggered on the break of $1.30. More options barriers were cited at $1.2950.

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