New home sales in the US leap to 539K (annualized), far better than expected and even unbelievable. This is a 7 year high and 7.8% above January, which was revised higher to 500K.

The US dollar, which was already moving up, extends its gains, but doesn’t go too far: EUR/USD trades under 1.0930 and GBP/USD is under 1.49.

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