EUR/USD breaks last week's high to resume recent rally as dollar weakness returns. USD/CHF dives to new record low of 0.8744 while AUD/USD is back pressing record high of 1.0773. Data from US saw S&P Case-Shill 20 city house price dropped -3.3% yoy in February. Consumer confidence beat expectation and improved to 65.4 in April. Euro is rather unbothered by news on the debt crisis. Sterling, though, was weighed down by much worse than expected CBI trends total orders, which dropped sharply to -11 in April. Swiss trade surplus narrowed to CHF 1.09b in March while UBS consumption indicator improved to 1.66.
