Foreign exchange market. European session: the euro traded lower against the U.S. dollar

Economic calendar (GMT0):

01:00    Australia       Consumer Inflation Expectation        June      4.4%                  4.0%

01:30    Australia       Changing the number of employed   May       10.3      10.3       -4.8

01:30    Australia       Unemployment rate                          May       5.8%     5.9%     5.8%

06:45    France         CPI, m/m                                           May       0.0%   +0.1%     0.0%

06:45    France         CPI, y/y                                             May      +0.7%               +0.8%

08:00    Eurozone     ECB Monthly Report                          June

09:00    Eurozone       Industrial production, (MoM)            April      -0.3%   +0.5%   +0.8%

09:00    Eurozone       Industrial Production (YoY)              April      -0.1%   +0.9%   +1.4%

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. initial job claims and retail sales. The number of initial jobless claims should decline by 6,000 to 306,000.

Retail sales in the U.S. should climb 0.5% in May, after a 0.1% gain in April. Retail sales excluding autos should increase 0.4%.

The euro traded lower against the U.S. dollar. Market participants remained unimpressed by the better-than-expected industrial production in the Eurozone. The industrial production in the Eurozone increased 0.8% in April, beating expectations for a 0.5% gain, after a 0.3% decline in March.

On a year-over-year basis, Eurozone’s industrial production rose 1.4% in April, exceeding expectations for a 0.9% increase, after a 0.1% fall in March.

The British pound traded higher against the U.S. dollar. The British currency was still supported by the yesterday’s strong U.K. labour market data. The U.K. unemployment rate fell to 6.6% in the three months to April. Jobless claims (claimant count) declined by 27,400 in May.

The Canadian dollar traded mixed against the U.S. dollar ahead of the new housing price index in Canada and the speech of the Bank of Canada Governor Stephen Poloz. The new housing price index in Canada should rise 0.3% in April, after a 0.2% gain in March.

EUR/USD: the currency pair declined to $1.3510

GBP/USD: the currency pair climbed to $1.6839

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30    Canada            New Housing Price Index          April      +0.2%  +0.3% 

12:30    U.S.                 Retail sales                                May      +0.1%   +0.5% 

12:30    U.S.                 Retail sales excluding auto         May       0.0%    +0.4% 

12:30    U.S.                 Initial Jobless Claims                  June      312        306       

12:30    U.S.                 Import Price Index                    May      -0.4%    +0.2% 

14:00    U.S.                 Business inventories                  April      +0.4%  +0.4% 

15:15    Canada            BOC Gov Stephen Poloz Speaks                                                           

22:30    New Zealand    Business NZ PMI                         May       55.2                    

22:45    New Zealand    Food Prices Index, m/m             May       +0.6%                

22:45    New Zealand    Food Prices Index, y/y               May       +1.5%