Foreign exchange market. European session: the Canadian dollar traded lower against the U.S. dollar ahead of the Canadian consumer price index and retail sales

Economic calendar (GMT0):

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

00:00 U.S. Jackson Hole Symposium

The U.S. dollar traded mixed to higher against the most major currencies ahead of speech by Federal Reserve Chair Janet Yellen in Jackson Hole later in the day. Market participants are awaiting that speech by Federal Reserve Chair Janet Yellen may reveal Fed's next monetary policy moves.

The greenback strengthened this week due to strong economic data from the U.S. and Wednesday's FOMC's minutes. Investors speculate that the Fed may hike its interest rate sooner than expected.

The euro traded lower against the U.S. dollar in the absence of any major economic reports in the Eurozone.

The European Central Bank President Mario Draghi will speak in Jackson Hole later in the day.

The British pound traded mixed against the U.S. dollar in the absence of any major economic reports in the UK.

The Canadian dollar traded lower against the U.S. dollar ahead of the Canadian consumer price index and retail sales.

The consumer price index in Canada is expected to decline 0.1% in July, after a 0.1% rise in June.

The core consumer price index in Canada is expected to be flat in July, after a 0.1% decrease in June.

Retail sales in Canada are expected to rise 0.6% in June, after a 0.7% increase in May.

EUR/USD: the currency pair fell to $1.3261

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30 Canada Retail Sales, m/m June +0.7% +0.6%

12:30 Canada Retail Sales ex Autos, m/m June +0.1% +0.6%

12:30 Canada Consumer Price Index m / m July +0.1% -0.1%

12:30 Canada Consumer price index, y/y July +2.4%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m July -0.1% 0.0%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y July +1.8%

14:00 U.S. Fed Chairman Janet Yellen Speaks

18:30 Eurozone ECB President Mario Draghi Speaks