The dollar index fell to its lowest in more than two months on Monday, continuing a drop from the prior week, as investors largely believe the U.S. Federal Reserve has completed its interest rate hike cycle and look towards when the central bank may start to cut rates.

The dollar index hit a low of 103.37, its weakest level since Sept. 1, after a tumble of nearly 2% last week, which marked the biggest weekly percentage drop since mid-July.

The yuan and Australian dollar ascended to three-month peaks today, buoyed by strategic moves from China's central bank and a softening U.S. dollar, which hit a two-month low with the dollar index falling to 103.64. This comes as market consensus grows around the belief that U.S. interest rates may have topped out following recent weak economic indicators.

The cryptocurrency market has experienced a significant upturn, with Bitcoin (BTC-USD) breaking through a crucial resistance level and surpassing $37,250 today. This rally is partly driven by growing optimism around exchange-traded funds (ETFs) and the broader crypto market's positive reaction to the presidential election results in Argentina.

In the latest trading session, India's precious metal futures market witnessed a slight downturn. The Multi Commodity Exchange (MCX) of India reported a dip in gold futures due for delivery on December 5, which decreased by ₹87 or 0.15%, to close at ₹59,665 per 10 grams. The trading day saw gold prices fluctuating between ₹59,652 and ₹59,699.

Oil prices rose by more than 1% on Monday after OPEC's monthly market report eased worries about waning demand in the United States and China.

Brent crude futures rose by a dollar, or 1.2%, at $82.43 a barrel by 1:21 p.m. ET (1821 GMT). U.S. West Texas Intermediate (WTI) crude futures were also up a dollar, or 1.3%, at $78.17 per barrel.

The euro is making strides towards the 1.0700 mark against a slightly weaker US dollar today, maintaining its momentum despite no significant shifts in market news or sentiment. The currency's resilience comes as markets maintain a neutral risk sentiment, carrying over from last week's risk-on movement.

The dollar climbed to its highest level in more than a year against the Japanese yen, near the key psychological level of 152, on Monday, but then fell sharply amid a flurry of trading in $3.45 billion of options that come due this week.

There were about $1.25 billion in options contracts set to expire at 10 a.m. ET (1500 GMT) with a 152 strike price, analysts said. Another $2.2 billion was set to expire on Wednesday, they said.

Bitcoin's price dropped below $36,950 today as the cryptocurrency market remained on edge in anticipation of this week's key macroeconomic data releases. The market's focus is on how these updates could influence risk-sensitive assets like cryptocurrencies.

Oil prices edged higher Monday, helped by bullish comments from OPEC, although renewed concerns over waning demand in the United States and China limited gains.

By 09:30 ET (14.30 GMT), the U.S. crude futures traded 0.2% higher at $77.34 a barrel, while the Brent contract climbed 0.3% to $81.64 a barrel. 

Gold prices fell to a more-than three-week low on Thursday, extending a rash of recent losses after several Federal Reserve officials warned against bets that the central bank was done raising interest rates.