The euro weakened against the yen after a report showed Spain’s economy entered its second recession since 2009, adding to concern Europe’s debt crisis is worsening.

The common currency extended its monthly decline versus the dollar as Spain’s government struggled to convince investors it can narrow its budget deficit in an economy that’s grappling with almost 25 percent unemployment.

Canada’s dollar fell by the most in more than five weeks after the nation’s economy unexpectedly shrank.

Canadian economic output fell 0.2% in February to an annualized C$1.28 trillion ($1.30 trillion) after a January gain of 0.1%, Statistics Canada said in Ottawa. Survey had projected a 0.1% increase.

The yen strengthened  as the Bank of Japan  additional monetary easing last week failed to drive down shorter-term yields, helping maintain the relative allure of yen-denominated assets.

EUR/USD: yesterday the pair decreased.

GBP/USD: yesterday the pair has fallen.

USD/JPY: yesterday the pair has fallen below Y80.00.

Labour Day in Europe with much of core-Europe closed as well as holidays in China and Singapore, so conditions will be thinner than

usual. UK data includes the 0828GMT release of the Markit/CIPS Manufacturing PMI and also the 1000GMT release of Land Registry House

Prices data. US care sales data is due during the US day where domestic-made light vehicle sales are expected to rise to an 11.1 million annual rate in April after slowing to 10.8 million in March.  US data continues at 1400GMT with both the ISM Manufacturing Index and also Construction Spending data. The ISM manufacturing index is expected to fall slightly to a reading of 53.0 in April from 53.4 in March. At 1630GMT, Chicago Fed President Charles Evans & Atlanta Fed President Dennis Lockhart participate on a panel discussion on "The Limits of U.S. Monetary Policy" at the conference, in Beverly Hills, while they will also be interviewed on CNBC. Then, at 1800GMT, Philadelphia Fed President Charles Plosser speaks to the CFA Society of San Diego on the economic outlook. Richmond Fed President Jeffrey Lacker

also speaks at the Bloomberg Washington Summit today.