Foreign exchange market. European session: the U.S. dollar traded higher against the most major currencies ahead of a long row of speeches

Economic calendar (GMT0):

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

00:30 Australia Building Permits, m/m October -11.2% Revised From -11.0% +5.2% +11.4%

00:30 Australia Building Permits, y/y October -11.4% Revised From -13.4% +2.5%

00:30 Australia Current Account, bln Quarter III -13.9% Revised From -13.7 -13.5 -12.5%

01:30 Japan Labor Cash Earnings, YoY October +0.7% Revised From +0.8% +0.8% +0.5%

03:30 Australia Announcement of the RBA decision on the discount rate 2.50% 2.50% 2.50%

03:30 Australia RBA Rate Statement

09:30 United Kingdom PMI Construction November 61.4 61.2 59.4

10:00 Eurozone Producer Price Index, MoM October +0.2% +0.3% -0.4%

10:00 Eurozone Producer Price Index (YoY) October -1.4% -1.3%

The U.S. dollar traded higher against the most major currencies ahead of a long row of speeches. The Fed Vice Chairman Stanley Fischer is expected to speak at 13:10 (GMT0). The Fed Chairman Janet Yellen is expected to speak at 13:30 (GMT0). The FOMC Member Brainard Speaks is expected to speak at 17:00 (GMT0).

The euro traded lower against the U.S. dollar. Eurozone's producer price index fell 0.4% in October, missing expectations for a 0.3% increase, after a 0.2% rise in September.

The British pound declined against the U.S. dollar after the weaker-than-expected construction PMI from the U.K. The U.K. construction PMI decreased to 59.4 in November from 61.4 in October, missing expectations for a decline to 61.2.

EUR/USD: the currency pair fell to $1.2426

GBP/USD: the currency pair decreased to $1.5655

USD/JPY: the currency pair rose to Y119.21

The most important news that are expected (GMT0):

13:10 U.S. FED Vice Chairman Stanley Fischer Speaks

13:30 U.S. Fed Chairman Janet Yellen Speaks

17:00 U.S. FOMC Member Brainard Speaks