The US$ is stronger in the O/N trading session.

Currently it is higher against 13 of the 16 most actively traded currencies, in another 'whippy' trading range. Canada's PM presents a budget to the house tomorrow, 2 months after nearly losing a vote of no confidence. Other Governments with familiar faces are doing battle on two fronts, the countries economic survival and what seems to be more important their own party's survival in power. He is moving with speed, something that other world leaders should heed, enthusiasm to overcome is probably all that's required to 'right any ship'. Iberia, Greece, Latvia, Ireland have such disdain for their own governments that's sooner or later boiling point will be reached. With the lack of economic data to chew on last investors were headline watching and continue to remain uneasy about the global economy, this was very much in. Week two for Obama and already companies have pledged deeper employment cuts as earning and losses continue to pile up during his watch.

Iceland is up in arms seeking to overthrow their government; The UK's Shepperd brown has started to blame foreign banks for their economic demise.