• The USD is trading higher to start the week as equities decline in reaction to report that China may begin to withdraw fiscal stimulus, worries about the Greek fiscal crisis and in reaction to Friday's surprise rate hike from India, the passage of major health reform in the US adds to stock jitters, EUR pressured by concern that the EU will not aid Greece, EU summit on Greece awaited, GBP pressured by CBI warning that the UK faces a slow and sluggish recovery, commodity currencies pressured by today's spike in risk aversion sparked by uncertainty about the Greek debt crisis and increased risk of US and China trade tensions, JPY trades mixed with markets closed in Tokyo for holiday
• Greek officials say they may soon be unable to sell debt, Reuters reports that Europe remains divided on aid to Greece ahead of the EU summit on March 25th and 26th,EUR lower
• Officials from China warn of retaliation if the US labels China a currency manipulator
• SNB warns that it will act decisively to prevent excessive CHF currency appreciation, CHF lower
• Money market funds see biggest weekly outflow since the Lehman bankruptcy with $60bln pulled out
• Canada's PM Harper says the BOC has expressed concern about the impact of rising CAD on the recovery, CAD lower
• President Obama's healthcare reform plan passes the House by a vote of 219 to 212
• CFTC commitment of traders released for last week show that specs went net short USD since for the first time since January
• US equity markets set to open lower, European equities 1% lower, Nikkei closed for holiday

Upcoming Events

• US- Monday, no major US economic data is due for release today
• CAN-Monday, no major Canadian economic data is due for release today

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