Session recap: Markets take a breath in a quiet day (San Francisco) - Currencies were trading mixed on Monday as investors digested a better than expected corporate earnings but poor economic data in the US. The Dollar Index, posted gains against its rivals hovering over 82.85/90 region from highs above 83.00.

News about the levels of the whole eurozone debt to GDP ratio above 90% and Angela Merkel's words asking European countries to be “prepared to cede sovereign" was pressuring to the downside the single currency. However, the EUR/USD remains above the 1.3000.

Main headlines in the American Session:

US: Chicago Fed National Activity index down to -0.23 in March

Forex: EUR/USD muted after US data

Merkel to Europe: Prepare to cede sovereignty

EU Consumer Confidence improves to -22.3 in Apr from -23.5 in Mar

US: Existing Home Sales fall unexpectedly by -0.6% to 4.92M in March

Forex: USD/JPY falls to test 99.00

Napolitano sworn in for second term as Italian president

Reuters: Canadian police announce arrests of suspects who planned major terrorist attacks

Forex: EUR/USD extends the correction higher