After plunging to record lows against the British Pound and the Euro on last Thursday and Friday, the dollar continued to drop late Sunday, before the markets were open for trading.  The EUR/USD rose to 1.3180 and the GBP/USD streaked up to 1.9473.  Both currency pairs finally closed the gap back down before trading began in the London session, but both pairs continue to show a lot of strength and the dollar bears are still pulling the USD down.

Today is expected to be a pretty light day, with most pairs ranging in their new zones; however, expect movement tomorrow as there are many interesting reports from the US including the Core Durable Goods Orders.