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US Dollar Extending Recent Gains
The dollar is rising against all of its major rivals Monday afternoon, extending its gains from the last few sessions. Investors were encouraged by the release of the better than expected existing home sales data this morning and are looking forward to a number of important economic reports later this week. A report released by the National Association of Realtors on Monday showed existing home sales in the U.S. increased by much more than expected in the month of March. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.60 million in March after surging up by 3.0 percent to a rate of 5.54 ... (full story)