The ECB and OPEC are feeling pressure to act as the Eurozone economy and oil prices slide. To start the week, the euro was the top performer while the Australian dollar lagged. The minutes of the key Oct 31 BOJ meeting and a speech from Kuroda are due later. GBP traders await another appearance tomorrow from Bank of England governor Carney and some of his MPC colleagues on last week's inflation report. EURGBP also awaits the BoE, while the and USDCAD trade awaits key Canada retail sales and the OPEC decision later in the week.
The ECB meeting on Dec 4 and the OPEC decision on Thursday are filled with uncertainty. Draghi hinted he was open to more action on Friday but Weidmann and Nowotny preached patience on Monday to boost the euro.