The U.S. dollar is mixed against majors ahead of the U.S. Treasury's press conference on Monday where details will be provided about its Public-Private Investment Program.
Over the weekend, Treasury Secretary Timothy Geithner has said the program will create subsidies to encourage private sector investments to purchase toxic debt and offset risk. He also said it will initially be worth $500 billion, but could be expanded to $1 trillion.
In the aftermath of the news, the Japanese Nikkei closed up 3.4% while the Eurostoxx was up 2%, the German Dax was up 2%, the FTSE 100 up 1.7% and S&P futures up 3.1%.
In other news, U.S. President Barack Obama told 60 Minutes that systemic risk will be the next big reform issue to be addressed in the United States.
Data taken at 7:26 a.m. EDT,
Euro/USD up 0.66 cents to 1.3648
USD/CAD down 0.84 cents to 1.2324
USD/Yen up 0.90 points to 96.85
GBP/USD up 1.66 cents to 1.4631
AUD/USD up 1.30 cents to 0.7002
The U.S. Dollar Index is down 0.46 points to 83.38
By Erik Kevin Franco, firstname.lastname@example.org, edited by Stephen Huebl, email@example.com