The euro was seen trading weaker after developments since Friday saw the region of Catalonia declaring independence. This comes amid Spanish government seeking a resolution to impose direct authority over the region.
On the economic front, data on Friday showed that the preliminary GDP in the US for the third quarter beat estimates, rising 3.0% in the three months ending September. The report briefly sent the US dollar higher on the day before the greenback settled back to close at the open.
Looking ahead, the economic calendar is relatively quiet today ahead of what could be a busy week. The US core PCE price index data is forecast to rise 0.1% on the month, but personal income and spending are both expected to risestrongly.
