Session Recap: Greenback trades lower on Green Monday

FXstreet.com (San Francisco) - Market performed a green Monday on Monday as news from Europe and well above expectations US Housing economic data fueled investors confidence. However, Income data in the United States came below expectations but spending posted above consensus. Equities posted strong gains.

The Greenback traded negative on the day against its major competitors. The EUR/USD rose to the 1.3115 and now is consolidating levels around the 1.3100; The GBP/USD advanced to 1.5545, 2 ½ highs, and currently it's at 1.5495.

Main headlines in the American session:

Personal income and spending each rise 0.2%

German inflation data ups odds of ECB rate cut

US: Pending Home Sales beat consensus at 1.5% in March

Letta, Merkel to meet tomorrow in Berlin

EUR/USD continues to struggle above 1.3100

Forex: USD/CAD falls to 2-week low