Euro zone retail sales rise more-than-expected in October ..

Retail sales in the euro zone rose more-than-expected in October, official data showed on Monday.

In a report, Eurostat said retail sales rose by a seasonally adjusted 0.4% in October, beating expectations for a 0.1% increase.

The previous month’s figure was revised to a drop of 0.6% from a previously reported 0.7% decline.

Year-over-year, retail sales in the euro zone fell at an annualized rate of 0.4% in October, after dropping at a rate of 1.4% in September and better-than-expectations for a 0.8% drop.

Following the release of the data, the euro extended gains against the U.S. dollar, with EUR/USD climbing 0.46% to trade at 1.3454.

Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 jumped 1.3%, France’s CAC 40 rose 1.2%, the FTSE 100 added 0.55%, while Germany's DAX gained 0.8%.

Distinctive :U.S. ISM non-manufacturing PMI falls to 22-month low ..

Service sector activity in the U.S. declined unexpectedly in November, slumping to the lowest level since January 2010, industry data showed on Monday.

In a report, the Institute of Supply Management said its non-manufacturing purchasing manager's index fell by 0.9 points to 52.0 in November from 52.9 in October. 

Analysts had expected the index to rise by 0.5 points to 53.4 in November.

This is the lowest reading since January 2010, when the index registered 50.7 points.

On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 indicates the sector is contracting.

The New Orders Index increased by 0.6 points to 53.0, while the Employment Index dropped 4.4 points to 48.9, indicating contraction in employment after one month of growth.

Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.48% to trade at 1.3457.

Meanwhile, U.S. stock markets remained sharply higher after the open. The Dow Jones Industrial Average jumped 1.15%, the S&P 500 index rallied 1.35%, while the Nasdaq Composite index gained 1.2%.

USD/JPY down during the U.S. session ..

The U.S. Dollar was lower against the Japanese Yen on Monday.

USD/JPY was trading at 77.84, down 0.19% at time of writing.

The pair was likely to find support at 77.30, Wednesday’s low, and resistance at 78.16, Wednesday’s high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.23% to hit 1.3422 and GBP/USD rising 0.34% to hit 1.5651.