Rate forced lower to start the week after consolidating gains last week. Good bids reported but supply seen from semi-official names. Stops in range helps to pressure but support has failed at 1.5050 area. Traders note solid two-way action with stops cleared across several levels.

Sellers hold control above 1.5100 area so far but how the rate trades into US news today will tell more. OK to buy if flat on a dip. Profit-taking likely to result in a squeeze on the further strength. Technical trade overnight as traders decide near-term action with little to go on but the charts.

The USD is mixed in early New York after trading two-way and technical during the holiday shortened week. Traders note that a weak start to the week in Gold and Crude Oil is helping to support the USD overnight. Traders note the USD is holding roughly within existing ranges but that some stops were noted as the EURO and GBP crossed last weeks' opening range suggesting some technical trading continues in two-way action. Poor UK economic data pressured GBP in overnight action pushing the rate to a low print of 1.5010 in late European trade; traders note stops on a break of the 1.5120 area in size.

On Monday, the 20th annual World AIDS Day organizations looked at the disease and the progress that has been made in the fight to control if not eradicate it. Shanta Devarajan, Chief Economist for the World Bank's Africa region calling AIDS society's problem rather than only a health problem said, "We need all the resources and all the mechanisms that we have in society to fight AIDS."

Maharashtra Chief Minister Vilasrao Deshmukh had offered to resign in the wake of the deadly Mumbai terror attacks. Speaking to the media, he said, "In the Congress Working Committee meeting day before yesterday, I offered to resign. The party high command has not taken any decision on this so far but whatever they decide I will accept."

The latest report of Singapore's health ministry paints a grim picture of HIV cases in the country.

According to the government of Singapore, as compared to the last year, the total number of HIV cases in the country will exceed this year.

Figure out the latest government records: in the first ten months of this year, 382 persons were affected by HIV in the country, while in 2007(whole), 423 cases of this deadly disease were notified.