The Euro (EUR) found selling pressure as the market watched Portugal Debt yields spike higher on concerns that austerity measures would be delayed after a vote in parliament failed. The PM resigned and could prompt a snap election. Overall the EUR/USD traded with a low of 1.4076 and a high of 1.4216 before closing the day around 1.4080 in the New York session. Looking ahead, March PMI forecast at 58.4 vs. 58.6 previously.
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