Foreign exchange market. European session: the euro traded higher against the U.S. dollar despite the weaker-than-expected economic data from the Eurozone

Economic calendar (GMT0):

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

01:00 Australia Consumer Inflation Expectation August +3.8% +3.1%

05:30 France GDP, q/q (Preliminary) Quarter II 0.0% +0.1% 0.0%

05:30 France GDP, Y/Y (Preliminary) Quarter II +0.7% +0.1%

06:00 Germany GDP (QoQ) (Preliminary) Quarter II +0.8% -0.1% -0.2%

06:00 Germany GDP (YoY) (Preliminary) Quarter II +2.5% +1.2%

06:45 France Non-Farm Payrolls (Preliminary) Quarter II -0.1% -0.1% +0.1%

07:15 Switzerland Producer & Import Prices, m/m July 0.0% 0.0% 0.0%

07:15 Switzerland Producer & Import Prices, y/y July -0.8% -0.8%

08:00 Eurozone ECB Monthly Report August

09:00 Eurozone Harmonized CPI July +0.1% -0.6% -0.7%

09:00 Eurozone Harmonized CPI, Y/Y (Finally) July +0.4% +0.4% +0.4%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y July +0.8% +0.8% +0.8%

09:00 Eurozone GDP (QoQ) (Preliminary) Quarter II +0.2% +0.1% 0.0%

09:00 Eurozone GDP (YoY) (Preliminary) Quarter II +0.9% +0.7% +0.7%

The U.S. dollar traded lower against the most major currencies ahead of the number of initial jobless claims in the U.S. The number of initial jobless claims in the U.S. is expected to rise by 18,000 to 307,000.

The U.S. import price index is expected to decline 0.2% in July, after a 0.1% increase in June.

The euro traded higher against the U.S. dollar despite the weaker-than-expected economic data from the Eurozone. Eurozone's harmonized consumer price index declined 0.7% in July, missing expectations for a 0.6% decrease, after a 0.1% rise in June.

On a yearly basis, Eurozone's harmonized consumer price index rose 0.4% in July, in line with expectations, after a 0.4% increase in June.

Eurozone's preliminary gross domestic product was flat in the second quarter, missing expectations for a 0.1% rise, after a 0.2% gain in the first quarter.

On a yearly basis, Eurozone's preliminary gross domestic product climbed 0.7% in the second quarter, in line with expectations, after a 0.9% rise in the first quarter.

German preliminary GDP decreased 0.2% in the second quarter, missing forecasts of a 0.1% decline, after a 0.8% rise in the first quarter.

French preliminary GDP remained flat in the second quarter, missing forecasts of a 0.1% gain.

The British pound traded mixed against the U.S. dollar in the absence of any major economic reports in the UK.

The Swiss franc traded higher against the U.S. dollar. Switzerland's producer price index was flat in July, in line with expectations, after 0.0% in June.

On a yearly basis, Switzerland's producer price index fell 0.8% in July, after a 0.8% decline in June.

The Canadian dollar rose against the U.S. dollar ahead of the Canadian new housing price index. The index is expected to climb 0.2% in June, after a 0.1% gain in May.

EUR/USD: the currency pair rose to $1.3396

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair decreased to Y102.31

The most important news that are expected (GMT0):

12:30 Canada New Housing Price Index June +0.1% +0.2%

12:30 U.S. Initial Jobless Claims August 289 307

12:30 U.S. Import Price Index July +0.1% -0.2%