Asian session: the euro fell

21:45  New Zealand  CPI, q/q Quarter III +0.4%

21:45  New Zealand  CPI, y/y Quarter III +4.6%           

23:00  Australia Conference Board Australia Leading Index August -0.1%

23:00  Australia RBA Deputy Gov Battellino Speaks

The euro fell, snapping a five-day gain against the dollar and yen, before a report that economists say will show French consumer confidence deteriorated. The 17-nation currency weakened against a majority of its most-traded counterparts before a summit of European leaders tomorrow to resolve the region’s debt crisis.

The Dollar held onto a drop from yesterday after Federal Reserve Bank of New York President William C. Dudley said the central bank may do more to hold down borrowing costs.

The New Zealand dollar declined against all of its 16 major peers after a report showed inflation slowed by more than economists forecast. The so-called kiwi snapped a three-day advance against its U.S. counterpart on speculation the Reserve Bank of New Zealand will signal this week a willingness to keep its benchmark interest rate at record low for longer.

EUR/USD: on Asian session the pair fell.

GBP/USD: on Asian session the pair holds in range $1.5965-$1.6005.

USD/JPY: on Asian session the pair fell.

On Tuesday UK data at 0830GMT is expected to see the BBA measure of Mortgage Approvals come in at 36k, while at the same time the UK Q2 Current Account Balance is expected to slip to -stg8.5 billion. Shortly after, at 0845GMT, Bank of England Governor Mervyn King and Deputy Governor Charles Bean Give Evidence on QE to the Treasury Committee. At 1300GMT with the S&P/Case-Shiller Home Price Index. US data at 1400GMT includes Consumer Confidence. At 1300GMT, the Bank of Canada delivers it's interest rate announcement.