US$ sets new lows against the Euro overnight. Gold ran higher, flirting with $1,000 but fell back on what appeared to be profit taking while crude oil is trading near 105 on the back of yesterday's unexpected decrease in reserves. Grain markets are higher but commodity markets are edgy as fears of a commodity crash are growing.
Housing data is released today in the Us and Canada. Numbers are expected to be poor once again signaling a deepening slump .
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