- Dollar fell to a fresh 7-month lows against the Euro, and a 3-month lows against the yen after a G7 announcement on currencies makes the first-time statement of singling out China urging it for further currency flexibility.
- The top U.S. manufacturing lobby group on Monday lauded calls from the Group of Seven rich nations over the weekend for China to allow the yuan to appreciate, and said multilateral pressure on Beijing was more effective than U.S. demands alone.
- UK Mar Retail Sales were up 0.7% and better than the 0.3% forecast
- Demand from the stainless steel industry could see nickel in a shortfall of over 27,000 metric tons at the end of 2006, wiping out 2005's surplus and taking market stocks back to historic lows, Macquarie Bank Ltd. said.
- The average price of regular gasoline jumped 24 cents to $2.91 a gallon in the two weeks ended Friday, according to the latest Lundberg Survey of filling stations released Sunday.
- Filling stations in the Northeast are reporting scattered shortages of gasoline as the industry struggles to move to more ethanol-blended fuel, the Associated Press reported.
- The USDA said there were 11.812 million head of cattle on feed.
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