NEW YORK ( TheStreet) -- The dollar (USD) was mostly firmer vs. the majors as the risk-off trading environment carried over from last week, albeit in thin holiday trading. The yen and Swiss franc were largely firmer, while emerging-market currencies were mixed. The biggest gainers on the day vs. USD were the zloty (PLN), leu (RON), ringgit (MYR), won (KRW) and Taiwan dollar (TWD), while the biggest losers vs. USD were the krona (SEK), real (BRL), pound (GBP), Chilean peso (CLP) and Canadian dollar (CAD). The European Central Bank, Bank of England and Reserve Bank of Australia meetings this week offer some event risk, though no policy changes are expected (see below). Turkey's CPI was lower than expected and should allow the central bank to remain on hold for now. Peru's central bank intervened aggressively to prevent neuvo sol (PEN) strength. Bank Indonesia kept rates steady at 6.5%, as expected. South African government workers may strike over a pay dispute. Hungary's year-to-date budget gap exceeded the full-year target after only six months and should help keep downward pressure on the forint (HUF). Brazil analysts boosted year-end policy rate expectations to 12.125% from 12% last week and 11.75% last month. Expectations are likely to rise further in the coming weeks due to strong data. U.S. equity markets were closed Monday. European markets were lower, with Euro Stoxx 50 down 0.6%. Nikkei futures point to a down Japan open, and the strong yen should hurt Japan exporters. The U.S. bond market was also closed. European bond markets were mostly higher, as 10-year yields in the U.K., France and Germany were down 3 basis points, 6 basis points and 4 basis points, respectively. Ten-year yields fell 3 basis points in Greece, 6 basis points in Portugal, 1 basis point in Italy. They rose 9 basis points in Spain. The Bank of England and the European Central Bank are both holding their regular policy meetings on Thursday. Although no change in interest rates is expected from both central banks this month, they're facing different policy dilemmas at this stage of the cycle.