G10 currencies are experiencing minimal fluctuations in early trading, with the exception of the Australian dollar, which declined approximately 0.6% following the RBA meeting and softer final PMI. The New Zealand dollar may have also been affected, dropping around 0.25%. Other G10 currencies remain relatively stable as the North American session commences.

Gold, after a volatile day yesterday with a $115 range ($2020-$2135), is quieter today, fluctuating within an $18 range centered around $2032.
January WTI oil prices are holding steady.

Asia Pacific
In the Asia Pacific region, the Reserve Bank of Australia maintained the cash target rate at 4.35% after revising the composite November PMI slightly lower.
The Australian dollar initially approached $0.6700 but reversed, reaching nearly $0.6600 in North America yesterday. Continued selling post-RBA meeting brought it close to last week's lows in the $0.6565-$0.6570 range.

Japan's final November composite PMI was also revised lower to 49.6, marking the first time below 50 this year.
The dollar is consolidating within yesterday's range against the Japanese yen.

Europe
In Europe, the final November PMI for the eurozone was slightly better than the flash reading at 47.6 (compared to 47.1 in October), marking the best in four months.
The euro found support above $1.08.

The BOE/Ipsos quarterly survey on 12-month inflation expectations, to be reported later this week, stood at 3.6% in August.
Sterling traded on both sides of the pre-weekend range (~$1.2615-$1.2715) but closed slightly inside the range, neutralizing some negativity.

America
Looking ahead in America, the focus this week is on Friday's employment data. Today, the US will release the final PMI and the ISM services survey. The JOLTS report (October) on job openings is particularly significant given its relevance to Friday's employment release.

Canada will see the release of its November services and composite PMI.
After being sold below the 200-day moving average against the Canadian dollar for the first time in two months over the weekend, the greenback rebounded yesterday, recovering most of the pre-weekend decline. It tested last Friday's high near CAD1.3570, and a move above could target CAD1.3600-20.