Currency Updates:
U.S. Dollar Trading (US) gave up most of its gains on Monday as rhetoric from ECB an EU official&rsquo s boosted investor sentiment. In domestic data, New Home Sales fell 2.3% for the month of August, largely in line with market forecasts. In US share markets the Dow Jones rose by 272 points (+2.5%), NASDAQ up 33 poinst (+1.4%) and the S& P up 31 points (2.3%) with financials leading the way.      
The Euro (EUR) rallied throughout much of Monday, aided by a rally in European share markets on speculation that further attempts would be extended to address the regions debt crisis. Reports circulated via CNBC that EU Officials were in advanced discussion of expanding the EFSF in order boost bank capital. The Euro set a new 7 month low in the Asian session trading at a 1.3364 before rebounding toward a day high of 1.3542. On the data front, fell to a 15 month low of 107.5 from the previous 108.7.      
The Japanese Yen (JPY) once again traded in a tight range synonymous with the currency in recent times, with a low of 76.23 and a top of 76.50  
The Sterling (GBP) also did well to rebound throughout Monday, taking direction from a boost in confidence surrounding the Euro debt crisis, moving from lows near 1.5432 to a high of 1.5571 seen in New York trade
The Australian Dollar (AUD) was once againwhippy throughout Monday trade, setting a new 2011 low in the Asian session of 0.9622 before rebounding toward 0.9828 as stock markets in Europe and US rallied.  
Oil & Gold (XAU) XAU traded at its lowest level seen since July falling as low as US $1531 before ending the New York session at US $1594.80 an ounce. Oil fell to by US $0.39 to trade at $80.24 a barrel.    
