Foreign exchange market. Asian session: the Japanese yen traded lower against the U.S. dollar after the consumer inflation data from Japan

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

02:00 China Leading Index August +1.3% +0.7%

06:00 Germany Gfk Consumer Confidence Survey October 8.6 8.5 8.3

The U.S. dollar traded higher against the most major currencies on speculation the Fed will start to hike its interest rates sooner than expected. The Dallas Federal Reserve President Richard Fisher said yesterday that the Fed may start hiking its interest rates around the spring of 2015.

The New Zealand dollar fell against the U.S. dollar in the absence of any major economic reports from New Zealand.

Yesterday's comments by the Reserve Bank of New Zealand Governor Graeme Wheeler still weighed on the kiwi. He said the strength of the New Zealand dollar was "unjustified and unsustainable".

The Australian dollar declined against the U.S. dollar in the absence of any major economic reports from Australia.

The Japanese yen traded lower against the U.S. dollar after the consumer inflation data from Japan. Japan's nationwide core consumer price index increased 3.1% in August, missing expectations for a 3.2% rise, after a 3.3% gain in July.

Japan's nationwide consumer price index rose 3.3% in August, after a 3.4% increase in July.

Comments by Japan's Welfare Minister Yasuhisa Shiozaki also weighed on the yen. He said reforms for Government Pension Investment Fund (GPIF) would continue as planned.

EUR/USD: the currency pair fell to $1.2737

GBP/USD: the currency pair decreased to $1.6294

USD/JPY: the currency pair rose to Y109.10

The most important news that are expected (GMT0):

12:30 U.S. PCE price index, q/q Quarter II +2.5%

12:30 U.S. PCE price index ex food, energy, q/q Quarter II +2.0%

12:30 U.S. GDP, q/q (Finally) Quarter II +4.2% +4.6%

13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) September 84.6 85.1