The EUR is slightly weaker in early interbank trade, compared with its NY closing levels. Some of the ongoing concerns regarding the Irish bail-out, which Gerry mentioned below, are weighing on the single currency. EUR/USD is trading at 1.3520 whilst the other major pairs are still at their Friday night levels.

The USD has an important week ahead as it tries to reverse it’s strong downtrend against the CHF, JPY and AUD.

Good luck today.