U.S. Dollar Trading (USD) the USD gained overnight as the negative European weekend press caused risk aversion and a global stock market sell-off. Some concern is that the failure to pass a Budget in the Netherlands could lead to the large European Country being downgraded from its AAA status. Looking ahead, February Case Shiller forecast at -0.6% vs. -0.8% m/m. March New Home Sales forecast at 0.32mn vs. 0.313mn previously.
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