We're getting off to a quiet start to the week in currency markets though last week's dominant themes of a surging euro and a broadly weaker dollar continue to hold sway. In the commodities space, focus is on Thursday's Opec meeting and expectations of an extension to the bloc's output cut pact with Russia.

• EURUSD firm and on track of 1.20
• Dollar being hurt by US tax reform delays
• Opec/Russia expected to deliver a 9-month extension to output cuts
• Crude oil has risen by 20% since early October
• Gold is holding steady below resistance at $1300