Good Morning ,

Here’s a quick look at today’s economic news and market activity:

• Market sentiment was risk averse for much of last week
• Oil prices rose further amid concerns of a prolonged conflict in the Middle East
• Currency-wise, the dollar found itself on the defensive amid the US Treasury’s liquidity buyback news
• EUR/USD starts this week in the upper half of $1.16-1.17
• Elsewhere, EUR/GBP is trading in a tight range just above the midpoint of 85-86p
• This week’s macro calendar highlights are US core-PCE inflation and Fed Chair Warsh speech

All rates quoted are indicative market rates.