From Marc Chandler at Bannockburn Global Forex:
The war in the Middle East continues to hang over risk-taking appetites the sword of Damocles. There appears to have been little progress over the weekend, even though a US decision was expected after the meeting in the White House Situation Room at the end of last week. Reports suggest there have been a series of skirmishes over the weekend, and Israel intensified its assault on Lebanon. The US and Iran reportedly are proposing amendments to a draft deal. Both the Washington and Tehran apparently think they have the superior hand. Oil prices are 3-4% higher today.
The dollar is consolidating mostly within the ranges seen at the end of last week. The market continues to test the resolve of Japanese officials. The greenback is holding above JPY159 and has not settled below there since last Monday. Most emerging market currencies are beginning the week softer, but the Mexican peso is a notable exception and the PBOC set the dollar’s fix at a new multiyear low though the offshore yuan consolidated its recent gains. The first round of the Colombian presidential election saw the outsider De La Espriella finish ahead. Although a run-off will be held later this month, the results will likely be seen as market friendly....
....MUCH MORE
Based on that first sentence it appears Mr. Chandler thinks faster than he types.
Been there, done that, sayeth [the] typo guy.