The euro gained 0.2 percent to $1.1020 EUR=, having risen against the greenback Friday on a soft U.S. core personal consumption expenditure (PCE) index release.
The Australian dollar was down 0.1 percent at $0.7130 AUD=D4 in wake of Sunday’s downbeat China data. The Aussie is often used as a proxy of China trades.
In commodities, crude oil prices slipped, unable to sustain gains made on Friday on the latest decline in the U.S oil rig count.
U.S. output may be declining but global supplies of crude and refined oil products continue to grow, weighing down on the market.
U.S. crude was down 0.8 percent at $46.22 a barrel CLc1.
Asian stocks dipped early on Monday following lackluster Chinese data out over the weekend, while the dollar remained on the defensive against the yen after the Bank of Japan’s decision to hold policy steady favored the Japanese currency.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 0.1 percent, while Australian shares dipped 0.5 percent.
Activity in China’s manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raft of stimulus measures.
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