Currency Updates:
U.S. Dollar Trading (US) was broadly stronger as Greek concerns continued to be the headline. In other news President Obama unveiled a plan in reducing $3 trillion of the budget deficit over 10 yrs. US Share markets rallied late in the session to end the day a little lower with the Dow Jones down 0.9% and the NASDAQ down 0.4%. Housing data scheduled for release out of the US on Tuesday
The Euro (EUR) began the trading week under extreme pressure trading at a fresh 7 month low of 1.3588, following a lack of development from the weekends EcoFin meetings, with reports circulating that disagreements remain high between EU and US policy makers. Further, a teleconference between the &ldquo troika&rdquo and Greek finance minister was held, outlining the need for Greece to meet further austerity measures in order to qualify for 8 billion euro aid package required in three weeks in order to avoid defaulting. In early Asia S& P downgrade of Italy from A+ to A, sent the Euro spiraling to 1.3600 from levels above 1.3685 prior to the news.  
The Japanese Yen (JPY) with a bank holiday seen in Japan, the USDJPY traded at fresh 1 month lows of 76.32, strengthening on growing Greek debt concerns
The Sterling (GBP) traded at its lowest level since the 12 Jan, with a price of 1.5667, as risk aversion was paramount during the European session of trade.    
The Australian Dollar (AUD) also eased throughout most of the day trading below key support levels of 1.0180 setting a fresh monthly low of 1.0147.On Tuesday in Asia, RBA minutes signaled rates would remain on hold for the foreseeable future, despite much of the market anticipating potential rates cuts. Such statements saw the AUD rebound of lows post S& P Italy downgrade to trade above 1.0240 once more.  
Oil & Gold (XAU) eased off highs near 1829 to lows of 1763. Oil fell by US $2.26 a barrel to$85.70 on a broadly stronger dollar.  
