The US housing finance agency is to sue more than a dozen banks over the quality of mortgages sold during the housing bubble, reports say.

The price of gold crosses the $1,900 an ounce mark for the first time on growing concerns about a slowdown in the global economy.

France's Christine Lagarde is to become the first female managing director of the IMF, at a time of heightened global financial nerves. In a television interview after her appointment, Ms Lagarde pressed Greece to move quickly to push through unpopular austerity measures that the IMF and EU had said were a prerequisite for further aid. Greece subsequently approved the measures. In my view, this is simply a case of musical chairs. The real issue is not being dealt with - yet, and it will inevitably rise to the fore once again...

Short squeeze in dollar pulls euro off 1-mth highs. Expected rate hike by ECB to keep euro dips shallow. According to this article, The euro is set to pullback after a six day minor rally against USD, after meeting resistance around the one-month high level. Some traders cited talk that U.S. companies such as Pfizer could repatriate dollars earned overseas to take advantage of a proposed U.S. tax break as helping to push the euro below $1.4500.

The Overall Fundamentals Commodities rebounded last week, fueled by Greece's approval of the austerity measures and some encouraging US economic