Foreign exchange market. European session: the euro traded higher against the U.S. dollar despite the negative economic data from the Eurozone

Economic calendar (GMT0):

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

00:30 Australia Wage Price Index, q/q Quarter III 0.6% 0.6% 0.6%

00:30 Australia Wage Price Index, y/y Quarter III 2.3% 2.3% 2.3%

10:00 Eurozone Construction Output, y/y September -1.4% Revised From -6.0% 1.8%

10:00 Switzerland Credit Suisse ZEW Survey (Expectations) November 18.3 0.0

12:00 U.S. MBA Mortgage Applications November -1.3% 6.2%

The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. housing market data from the U.S. Housing starts in the U.S. are expected to decline to 1.160 million units in October from 1.206 million units in September.

The number of building permits is expected to increase to 1.150 million units in October from 1.105 million units in September.

The Fed will release its latest monetary policy minutes at 19:00 GMT.

The euro traded higher against the U.S. dollar despite the negative economic data from the Eurozone. The Eurostat released its construction production data for the Eurozone on Wednesday. Construction production in the Eurozone decreased 0.4% in September, after a 0.5% rise in August.

Civil engineering output gained 0.3% in September, while production in the building sector was down 0.6%.

On a yearly basis, construction output increased 1.8% in September, after a 1.8% decline in August. August's figure was revised up from a 6.0% drop.

Civil engineering output rose 2.4% year-on-year in September, while production in the building sector climbed 1.6% year-on-year.

The European Central Bank (ECB) executive board member Yves Mersch said on Wednesday that there is no indication that terror attacks in Paris will have a negative impact on the economy.

"We have no indication of any economic pessimism as a result of the Paris attacks, let alone weaker hard data. Doom-and-gloom talk is not warranted at this stage," he said.

The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K.

The Swiss franc traded mixed against the U.S. dollar. A survey by the ZEW Institute and Credit Suisse Group showed on Wednesday that Switzerland's economic sentiment index dropped to 0.0 in November from 18.3 points in October.

"The financial analysts surveyed expect to see neither an improvement nor a deterioration in Swiss economic activity over the next six months," the ZEW said.

The current conditions fell to -12.2 in November from -5.3 points in October.

EUR/USD: the currency pair increased to $1.0692

GBP/USD: the currency pair rose to $1.5247

USD/JPY: the currency pair climbed to Y123.45

The most important news that are expected (GMT0):

13:30 U.S. Housing Starts October 1206 1160

13:30 U.S. Building Permits October 1105 1150

15:30 U.S. Crude Oil Inventories November 4.224 1.9

19:00 U.S. FOMC meeting minutes

21:45 New Zealand PPI Input (QoQ) Quarter III -0.3%

21:45 New Zealand PPI Output (QoQ) Quarter III -0.2%

23:50 Japan Trade Balance Total, bln October -114.5 -292