EUR/USD is trading at 1.4150, USD/JPY at 95.10, cable at 1.6200 and AUD/USD at .8050. Not much news on the economic front over the weekend has meant that the market has opened virtually unchanged from the NY close. Some political disharmony in the German ruling coalition over the government-orchestrated rescue of Opel is unlikely to affect the EUR, as Germany will go to the polls in the next few months anyway. Geo-political issues maintain their importance but the USD remains friend-less.
Good luck today.
