The U.S. dollar mixed against the most major currencies after the weaker-than-expected U.S. preliminary services purchasing managers' index (PMI). The U.S. preliminary services PMI declined to 56.3 in November from 57.1 in October, missing expectations for an increase to 57.3. This is the lowest level since April 2014.

The euro rose against the U.S. dollar after the better-than-expected Ifo figures from Germany. German Ifo business climate index rose to 104.7 in November from 103.2 in October, beating expectations for a decline to 103.0.

The European Central Bank confirmed on Monday that it bought €2.238bn in covered bonds over the previous week.

The British pound increased against the U.S. dollar in the absence of any major economic reports from the U.K.

The Swiss franc traded higher against the U.S. dollar. The number of employed people climbed to 4,230 million in the third quarter from 4,196 million in the second quarter. Analysts had expected the number of employed people to increase to 4,220 million.

The New Zealand dollar fell against the U.S. dollar in the absence of any major economic reports from New Zealand.

The Australian dollar declined against the U.S. dollar in the absence of any major economic reports from Australia.

The Japanese yen traded lower against the U.S. dollar in the absence of any major economic reports from Japan. Markets in Japan were closed for a public holiday.