• EUR/USD lost ground again on Monday, skidding back into 1.05.
• Fiber failed to recapture the 1.0600 handle as near-term bounce fizzles.
• Plenty of ECB speeches dot the landscape, US NFP jobs numbers loom on Friday.

EUR/USD kicked off another trading week with a decline back into familiar near-term lows, flubbing a fresh run at the 1.0600 handle and backsliding into 1.0500, shedding nearly eight-tenths of a percent on Monday. US Purchasing Managers Index (PMI) figures beat the street but still came in below the 50.0 contraction level, bolstering the safe haven Greenback.

European economic data remains thin in the front half of the trading week, though several European Central Bank (ECB) speeches are smattered across the data docket. Another Nonfarm Payrolls (NFP) week looms over markets with US net jobs additions figures slated for Friday, and plenty of labor and wages preview data throughout the week.

US ISM Manufacturing PMI figures rose in November, climbing to a five-month high of 48.4 versus the previous 46.5, over and above the forecast 47.5. Despite the uptick in business expectation survey results, the indicator is still stuck in contraction territory below 50.0, implying the majority of business operators still see declines in overall activity in the coming months.