Foreign exchange market. Asian session: U.S. dollar trading lower in Asian Trade against its major peers

Economic calendar (GMT0):

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

00:01 United Kingdom Rightmove House Price Index (MoM) November +2.6% -1.7%

00:01 United Kingdom Rightmove House Price Index (YoY) November +7.6% +8.5%

00:30 Australia New Motor Vehicle Sales (MoM) October +2.9% +1.6%

00:30 Australia New Motor Vehicle Sales (YoY) October +0.8% -0.5%

The U.S. dollar traded weaker against its peers during Asian Trade. The greenback is trading flat against the euro after Friday's losses. The preliminary University of Michigan's consumer sentiment index published on Friday rose to 89.4 beating forecasts predicting 87.5 and data showing that U.S. inflation expectations fell.

The Australian dollar is currently trading flat against the U.S. dollar after recovering from early losses followed by gains in Friday's trading.

The kiwi is trading higher against the U.S. dollar after a volatile trading session on Friday and comments by Reserve Bank of New Zealand Governor Graeme Wheeler earlier in the week that the exchange rate is "unjustified" and "further increases in short term interest rates may be required".

The Japanese yen currently trading at USD115.67 recovered against the greenback after hitting a new seven-year low at USD 117.05. Preliminary data on the Japanese GDP showed that Japan unexpectedly fell into recession and the Nikkei declined. Preliminary GDP for the third quarter declined -1.5% compared with a forecast of +2.1% after losing -7.3% in the previous quarter reinforcing speculations that Prime Minister Abe will postpone a sales tax hike.

EUR/USD: the euro is trading flat against the U.S. dollar

USD/JPY: the U.S. dollar traded weaker against the Japanese yen after new seven-year highs

GPB/USD: The British pound traded stronger against the U.S. dollar

The most important news that are expected (GMT0):

10:00 Eurozone Trade Balance s.a. September 15.8 16.2

10:00 Germany Bundesbank Monthly Report

13:30 Canada Foreign Securities Purchases September 10.28 11.32

13:30 U.S. NY Fed Empire State manufacturing index October 6.2 12.1

14:00 Eurozone ECB President Mario Draghi Speaks

14:15 U.S. Industrial Production (MoM) October +1.0% +0.2%

14:15 U.S. Capacity Utilization October 79.3% 79.3%

23:00 Australia Conference Board Australia Leading Index September -0.2%