On the currencies front, action around the China trade data was brief with the Australian dollar settling to new intraday lows, at $0.7224 AUD=D4 and receding further from a 3-1/2 month high of $0.7386 touched on Friday.
The euro was on the back foot as the short-covering rally following last week's less-than-aggressive stimulus from European Central Bank ran its course.
The common currency stood at $1.08560 EUR=, having slipped from its one-month high of $1.0981 set on Thursday. The yen was little changed so far at 123.11 per dollar JPY=.
The offshore Chinese yuan CNH=D4 traded at a three-month low of 6.4930 per dollar despite another lower-than-expected fixing by China's central bank.
Long-dated U.S. Treasury debt prices held firm after rallying on Monday as the drop in oil prices pointed to benign inflation, potentially tempering the Fed's policy tightening path after the expected lift-off on Dec. 16.
The 10-year U.S. debt yield fell to 2.216 percent US10YT=RR, off one-month high of 2.358 percent touched on Friday following strong U.S. employment data.
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