The EUR was little changed against the Dollar following a report that showed China's manufacturing growth maintained its fastest pace in 18 months. The EUR was at $1.4990 from $1.4955 late Friday and at Y130.50 from Y129.71. Expectations that German Retail Sales expanded in November also helped boost risk appetite.

This week investors will be weighing in on key economic data from Europe and the U.S, including today's release of Euro-Zone Manufacturing data and Friday's U.S. Non-Farm Payrolls. The European Central Bank will announce Thursday whether it will raise its key interest rates. While The ECB is not expected to change rates, investors will be paying attention to any comments regarding the timing and exit strategy of the current monetary policy.