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Dollar Rallies on Housing Data, ECB Stimulus Outlook; Oil Sinks

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The dollar strengthened versus the euro amid a surge in U.S. housing data and after a European Central Bank official said policy makers will pull forward asset purchases. U.S. equity indexes were little changed near record highs, while crude oil slumped to a three-week low.

The Bloomberg Dollar Spot Index jumped 0.9 percent by 5 p.m. in New York to cap its biggest two-day surge since December