Session Recap: USD rises across the board

FXstreet.com (Córdoba) - The USD trades broadly higher Monday, having printed a fresh 6-month high against the yen, while dragging the euro to 6-day lows sub-1.3600 despite higher-than-expected Eurozone and German PMI readings.

The EUR/USD broke below the 1.3560 support area and stretched to its lowest in nearly a week at 1.3525. The GBP/USD edged lower despite strong UK PMI, dipping to the 1.6380 zone after being rejected from a fresh high of 1.6441. The USD/JPY climbed to its highest in 6 months at 102.88.

The USD/CAD broke decisively above 1.0630 and reached a 2-year high of 1.0653, while the AUD/USD managed to hold above 0.9100 despite USD strength.

During the NY session, watch for Markit manufacturing PMI, construction spending, ISM manufacturing PMI and Bernanke speech.

Main Headlines in Europe:

European open: Chinese PMIs start the week strongly

Switzerland: SVME – PMI jumps to 56.5 in November

Germany: PMI Manufacturing rises more than expected in November

EMU: PMI Manufacturing climbs to 51.6 in November

UK: PMI Manufacturing rises against expectations in November

Strong UK PMI numbers lend further support to earlier breach of BoE unemployment threshold

ECB's Constancio: Banking union to stimulate mergers and acquisitions