Foreign exchange market. European session: the euro retreated from morning lows

Economic calendar:

00:00 Australia          Conference Board Australia Leading Index      February          +0.2%   +0.3%

09:00 Eurozone         Construction Output, m/m      February          +1.5%               +0.1%

09:00 Eurozone         Construction Output, y/y         February          +8.8%               +6.7%

12:30 Canada           Wholesale Sales, m/m   February           +0.8%       +0.7% +1,1%

The euro climbed to $1.3824. There were no economical impulses on the markets. Construction output in EU was published. The annual increase of construction output in February was worse than the output one month earlier. The annual construction output rose 6.7% in February (January: 8.8%). Stock markets remained unimpressed by this publication.

The U.S. dollar declined against the most major currencies ahead the publication of the real estate sector data.

The British pound increased because of the high demand since the publication of the better-than expected inflation rate last week.

EUR/USD: the currency pair reached $1.3824

GBP/USD: the currency pair reached $1.6839

USD/JPY: the currency pair traded flat

The most important news that are expected (GMT0):