The US dollar is strengthening as the new week begins, making gains against both the euro and Swiss franc. The dollar pushed through last week's highs against the Swiss franc, while the euro dropped below last week's lows. Among G10 currencies, only the Australian and New Zealand dollars show slight increases against the dollar.
US equities will trade today, but the bond market is closed for Veteran’s Day.
Gold, which reached a peak in late October near $2,790, dropped to $2,643.50 last Thursday and is showing some consolidation with a softer tone. December WTI crude oil has dipped below last week's low.

Asia-Pacific Markets
In Asia, the yen's weakness is prompting market participants to consider a more aggressive outlook for Bank of Japan (BOJ) policy adjustments. The swaps market is pricing in an 11 basis-point rate hike for the December BOJ meeting and nearly 20 basis points by the end of January, up from around 8 and 18 basis points a week ago.
The dollar ended last week around JPY152.65, which was today's low, before rebounding to JPY153.85 in early European trading.
The Australian dollar is holding within a narrow range above $0.6575, with nearby resistance around $0.6600.

European Markets
Eurozone political developments are drawing more attention than the light economic calendar this week. Both Germany and France, seen as the core of Europe, are experiencing political turbulence, which could leave the region more vulnerable in light of potential trade and geopolitical challenges.
The euro has fallen below last week’s low, reaching almost $1.0660 in early European trading, with initial resistance around the $1.0700-1.0720 range.
The British pound has been more stable but has struggled to break above $1.30, hovering around $1.29 after testing last Wednesday's range ($1.2835-$1.3050).

American Markets
Firm US interest rates and a strong dollar are likely supported by expectations for Wednesday’s release of October CPI data, which is anticipated to show an increase.
While the US bond market and banks are closed today in observance of Veteran’s Day, the stock market remains open.
Canada is also observing a federal holiday.