Asian session: The euro weakened against almost all of its 16 major counterparts

The euro weakened against almost all of its 16 major counterparts before Greek leaders respond today to demands by international creditors on economic measures. Greek political-party leaders must provide a first response to demands by the European Union, European Central Bank and International Monetary Fund on economic measures, including wage cuts, by 11 a.m. local time today, a spokesman for the biggest party, Pasok, told reporters in Athens. The 17-nation currency slid versus the dollar with France set to sell as much as 8.5 billion euros ($11 billion) of bills today.

The dollar extended its gain versus the yen to a third day before St. Louis Federal Reserve President James Bullard speaks amid speculation the U.S. central bank will avoid easing monetary policy further.

The Australian dollar, known as the Aussie, fell against 10 of its 16 major peers after the Bureau of Statistics said the country’s retail sales fell 0.1 percent in December from a month earlier. Economists had estimated a 0.2 percent gain. The Reserve Bank of Australia will lower the benchmark interest rate to 4 percent from 4.25 percent in a meeting tomorrow, another survey of economists shows..

EUR/USD: during the Asian session the pair fell.

GBP/USD: during the Asian session the pair weakened.

USD/JPY: during the Asian session the pair gain.

It is a queit day for data in Europe Monday, so traders eyes will once again be on debt/bailout talks from Greece. The data that is due is the Eurozone Sentix investor confidence data, expected at 0900GMT.  In the US, St. Louis Federal Reserve Bank Pres. Charles Bullard speaks to the Union Leage Club of Chicago on 'Inflation Targeting" at 1355GMT. At 1430GMT, US MNI Capital Goods Index is released, followed by Retail Trade Index at 1530GMT. At 1430GMT, the US auctions 3-mos, 6-mos paper. Dallas Federal Reserve Bank Pres. Richard Fisher speaks to the Institute of International Finance in Washington at 1715GMT.