In the overnight session, a European Central Bank board member said that the central bank would front load its purchases in bond buying to May and June. The accelerated quantitative easing program caused the euro to lose ground against the USD. As the New York session began, the euro tumbled even more with the release of strong US economic data. New construction on homes surged 20% in April, the fastest increase since late 2007. The positive housing data encouraged participants … Read More »
