Foreign exchange market. European session: the euro traded lower against the U.S. dollar on the uncertainty of the Greek debt talks

Economic calendar (GMT0):

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

05:00 Japan BoJ monthly economic report

07:45 United Kingdom BOE Deputy Governor for Financial Stability Jon Cunliffe speaks

10:30 Eurozone Eurogroup Meetings

The U.S. dollar traded higher against the most major currencies ahead of the U.S. existing home sales data. The existing home sales in the U.S. are expected to increase to 5.26 million units in May from 5.04 million units in April.

The euro traded lower against the U.S. dollar on the uncertainty of the Greek debt talks. News reported that Greek Prime Minister Alexis Tsipras said that the Greek government provided a proposal for a "mutually beneficial deal".

European Council President Donald Tusk called the Eurozone leaders' meeting for Monday at 17:00 GMT in Brussels last week. "It is time to urgently discuss the situation of Greece at the highest political level," he said.

European Union (EU) Economic Commissioner Pierre Moscovici said on Monday that he was "convinced" a deal will be reached.

The Eurogroup's meeting was scheduled to be at 10:30 GMT, while the Eurozone leaders' meeting is scheduled to be at 17:00 GMT.

European Commission President Jean-Claude Juncker said on Monday that progress has been made in the debt talks between Greece and its creditors over the weekend, but he is sceptical if a deal will be reached today.

"I don't know if we will have an agreement today," he noted.

Eurozone's consumer confidence index is expected to decline to -5.8 in June from -5.5 in May.

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

EUR/USD: the currency pair decreased to $1.1311

GBP/USD: the currency pair fell to $1.5804

USD/JPY: the currency pair rose to Y123.15

The most important news that are expected (GMT0):

14:00 Eurozone Consumer Confidence (Preliminary) June -5.5 -5.8

14:00 U.S. Existing Home Sales May 5.04 5.26

17:00 Eurozone Euro Summit