German business morale deteriorated slightly in November, with the IFO Institute's Business Climate Index declining to 88.1 in November from 88.4 in October. This reading came in below the market expectation of 88.5.
The US Dollar is trading flat, around the 1.4100 level against the Canadian Dollar, after failing to break above 1.4130 on Friday.
West Texas Intermediate (WTI) Oil price extends its losing streak for the fourth successive session, trading around $57.70 per barrel during the European hours on Monday.
Gold (XAU/USD) recovers slightly from the daily low touched during the early part of the European session and trades with a mild negative bias, just above the $4,060 level, down less than 0.15% for the day.
Gold prices fell in India on Monday, according to data compiled by FXStreet.