Foreign exchange market. Asian session: the New Zealand dollar hits 7-month low against the U.S dollar

Economic calendar (GMT0):

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

02:00 China New Loans August 385 710 702.5

04:30 Japan Industrial Production (MoM) (Finally) July +0.2% +0.2% +0.4%

04:30 Japan Industrial Production (YoY) (Finally) July -0.9% -0.9% -0.7%

06:05 Japan BOJ Governor Haruhiko Kuroda Speaks

The U.S. dollar traded mixed to higher against the most major currencies on speculation the Fed will start to hike its interest rate sooner than expected. The San Francisco Federal Reserve released a research report on Monday. The report showed that investors were underestimating the start of interest rate hike by the Fed.

The New Zealand dollar hits 7-month low against the U.S dollar despite the solid economic data from New Zealand. The Business NZ purchasing managers' index climbed to 56.5 in August from 53.5 in July. July's figure was revised up from 53.0.

The food prices index rose 0.3% in August, after a 0.7% decline in July.

Wednesday's comments by the Reserve Bank of New Zealand (RBNZ) Graeme Wheeler still weighed on the kiwi. The RBNZ governor said the strength of the kiwi is still "unjustified and unsustainable". He added that the central bank expects further significant depreciation.

The Australian dollar declined toward 6-month low against the U.S. dollar in the absence of any major economic data reports from Australia. The greenback put downward pressure on the Aussie.

The Japanese yen reached the lowest level since September 2008 against the U.S. dollar. The divergence between the monetary policies of the US and those of Japan weighed on the yen.

The Bank of Japan (BoJ) Governor Haruhiko Kuroda said to the Japan's Prime Minister Shinzo Abe on Thursday that the central bank is ready to expand monetary easing measures to reach 2 percent inflation target.

The industrial production in Japan increased 0.4% in July, exceeding expectations for a 0.2% rise, after a 0.2% gain in June.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair rose Y107.40

The most important news that are expected (GMT0):

09:00 Eurozone Industrial production, (MoM) July -0.3% +0.6%

09:00 Eurozone Industrial Production (YoY) July 0.0% +1.3%

09:00 Eurozone Employment Change Quarter II +0.1% +0.1%

09:00 Eurozone ECOFIN Meetings

12:30 U.S. Retail sales August 0.0% +0.3%

12:30 U.S. Retail sales excluding auto August +0.1% +0.2%

12:30 U.S. Import Price Index August -0.2% -0.8%

13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) September 82.5 83.2

14:00 U.S. Business inventories July +0.4% +0.5%