Foreign exchange market. Asian session: trade was subdued due to concerns over tensions between Russia and Ukraine

Economic calendar (GMT0):

06:00    Germany                            Import prices                 March   -0.1%   0.0%      -0.6%

06:00    Germany                            Import prices Y/Y           March   -2.7%   -2.8%    -3.3%

08:00    Eurozone                           ECB’s Vitor Constancio Speaks

The U.S. dollar declined against the most major currencies. Market participants are concerned over tensions between Russia and Ukraine.

The New Zealand dollar traded mixed against the U.S. dollar. Due to lack of economic data, there were no impulses.

The Australian dollar increased against the U.S. dollar, although the U.S. dollar was supported by Friday’s better-than-expected Reuters/Michigan Consumer Sentiment Index.

The Japanese yen was supported by the demand for the safe-haven currency.

EUR/USD: the currency pair declined to $1.3815

GBP/USD: the currency pair was down to $1.6775

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

14:00    U.S.                       Pending Home Sales (MoM)     March   -0.8%   +1.0%  

14:30    Eurozone                ECB President Mario Draghi Speaks                                                     

22:45    New Zealand           Trade Balance, mln                 March   818        910