The USD is falling after more dovish comments from Fed's Yellen reducing even further any speculation of a US rate hike. Attention will now focus on what Bernanke has to says Wednesday. The EUR is the main gainer as an unconfirmed report that the Dubai government is bailing out Dubai World with $5 billion lifts global sentiment. However, the single currency didn't get any help from the latest Ifo survey from Germany which declined a little rather than showing an expected improvement. The USD is down at Y90.91 while the EUR is up at $1.3662. The GBP is up at $1.5523.
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