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Biggest % gainers: USD/CHF up 0.63%, USD/CAD on USD strength.

Biggest % losers: EUR/JPY down 0.93%, CHF/JPY, GBP/JPY, CAD/JPY, AUD/JPY on JPY strength.

G-20 meetings start today and then the IMF meetings pick up from there and go through the weekend.

GBP Public Sector Net Borrowing 23.5B vs. 24.1B expected and 9.7B formerly.

GBP Retail Sales m/m worse at 0.4% vs. 0.7% expected. Yet last time was revised upward to 2.5% vs. 2.1% formerly.

USD PPI m/m higher/better at 0.7% vs. 0.4% expected and -0.6% last time.

USD Unemployment Claims basically inline at 456k vs. 452k expected. 480k was the previous reading.

CAD BOC Monetary Policy Report ...

Biggest % gainers: GBP/AUD up 0.45%, GBP/CHF, GBP/USD on GBP strength.

Biggest % losers: EUR/GBP, EUR/CAD, AUD/CAD on GBP and CAD strength along with EUR weakness.

GBP Monetary Policy Meeting Minutes 0-0-9 was the vote. So everyone was on the "same page" in keeping interest rates unchanged and the QE at 200 billion pounds.

GBP Unemployment Rate ticks up to 8.0% vs. 7.8% expected/last time.

GBP Claimant Count Change (number of people claiming unemployment) -32.9k vs. -7.6k expected. Last time revised from -32.3k to -40.1k.

Bernanke speaks at 10:15am EST today.

Gold $1,142
Oil $84.13

Sean Hyman
DailyFX Forum Moderator ...

Biggest % gainers: AUD/JPY up 1.13%, GBP/JPY, AUD/CHF, AUD/USD predominately on AUD strength. GBP stronger on better/ higher than expected CPI readings.

Biggest % losers: EUR/AUD down 0.93%, EUR/CAD, USD/CAD, EUR/GBP on EUR weakness and CAD strength as they keep rates on hold, but bullish comments followed the announcement.

Canada's central bank removed their conditional statement to keep rates steady until the end of June (which hints at rate hikes the following month). They also said that it was appropriate to start to lessen the degree of monetary stimulus (which shows that they feel things are improving enough economically). They also stated that the economic recovery has been somewhat more rapid than expected. ...

Biggest % gainers: USD/CHF up 0.69%, USD/CAD on USD strength. Dollar still enjoying bounce from Friday as SEC probing into potential Goldman Sachs fraud.

Biggest % losers: GBP/JPY down 0.74%, GBP/USD on mild GBP weakness and more USD & JPY strength. USD & JPY are beneficiaries of the SEC probe basically.

At least 1/2 of all European flights still grounded over the Icelandic volcano. Costs the airline industry around $200 million per day.

Standard Chartered says that China is likely to revalue its currency early next month.

Oil $80.89
Gold $1,131 commodities took a hit on Fri./Mon.

Bernanke speaks at 9am EST today.

FOMC's Duke speaks ...