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The Euro broke the resistance specified in yesterday’s report, and jumped for more than 100 pips, without reaching the suggested target 1.2435 (yesterday’s high was 1.2412).

It was rallying allies to amend the financial reform bill to exclude U. S. manufacturers from oversight historically reserved for banks, General Electric has said.

The 1,400-page reform bill in debate in the Senate would form a council of regulators charged with identifying companies so big that their failure would ripple through the entire financial system.

It posted its first quarterly profit since 2007 in the first quarter, U. S. auto giant General Motors Co. said on Monday.

Its global revenue grew to $31.5 billion, up 40 percent from a year ago, with a net income of $865 million and an operating profit of $1.2 billion, GM further said.

According to the U. S. Tresuary, 281,000 of 1.2 million homeowners in trial status had dropped out of the Home Affordable Modification Program.

The Wall Street Journal reported on Monday that the program starts homeowners out with loan modifications set on a three-month trial basis. If homeowners manage to keep up with their modified loans for three months, their lower payments are made permanent.

The Treasury Department has said that in the program that has been chastised for not producing the promised results, 295,000 homeowners had been given permanent modifications by the end of April.

He was enjoying what maybe his last big hurrah in Washington, as the financial reform bill nears a vote, Sen. Christopher Dodd, D-Conn., has said.

It has been reported that Dodd, the chairman of the Senate Banking Committee, worked with the White House and Treasury Department to assemble a complex 1,400-page bill that attempts to begin regulation of hedge funds, curb risk-taking at big banks, devise a procedure to unwind companies deemed too-big-to-fail and create a consumer financial product protection agency, all in the middle of a mid-term election year.