Foreign exchange market. European session: the U.S. dollar traded higher against the most major currencies ahead of the U.S. economic data

Economic calendar (GMT0):

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

00:01 United Kingdom Rightmove House Price Index (MoM) December -1.7% -3.3%

00:01 United Kingdom Rightmove House Price Index (YoY) December +8.5% +7.0%

00:30 Australia New Motor Vehicle Sales (MoM) November -1.6% -0.6%

00:30 Australia New Motor Vehicle Sales (YoY) November -0.5% -3.8%

08:15 Switzerland Producer & Import Prices, m/m November -0.1% +0.2% -0.7%

08:15 Switzerland Producer & Import Prices, y/y November -1.1% -1.6%

11:00 United Kingdom CBI industrial order books balance December 3 3 5

11:00 Germany Bundesbank Monthly Report

The U.S. dollar traded higher against the most major currencies ahead of the U.S. economic data. The U.S. industrial production is expected to rise 0.8% in November, after a 0.1% decrease in October.

The NAHB housing market index is expected to climb to 59 in December from 58 in November.

The greenback remained supported by Friday's better-than-expected Thomson Reuters/University of Michigan preliminary consumer sentiment index. The index rose to 93.8 in December from a final reading of 88.8 in November, exceeding expectations for an increase to 89.6. That was the highest level since January 2007.

The euro traded higher against the U.S. dollar. Germany's Bundesbank released its monthly report. Bundesbank said that if oil prices continue to decline, it will cut its inflation forecast for 2015 by 0.4%. Bundesbank expects inflation of 1.1% in 2015.

The British pound fell against the U.S. dollar despite the better-than-expected industrial order books balance. The CBI industrial order books balance climbed to +5% in December from +3% in November. That was the highest level since August. Analysts expected the CBI industrial order books balance to remain unchanged at +3%.

The Swiss franc traded lower against the U.S. dollar. Switzerland's producer and import prices declined 0.7% in November, missing forecasts of a 0.2% rise, after a 0.1% fall in October.

On a yearly basis, producer and import prices decreased 1.6% in November, after a 1.1% drop in October.

EUR/USD: the currency pair fell to $1.2415

GBP/USD: the currency pair decreased to $1.5658

USD/JPY: the currency pair rose to Y118.98

The most important news that are expected (GMT0):

13:30 U.S. NY Fed Empire State manufacturing index November 10.2 12.1

14:15 U.S. Industrial Production (MoM) November -0.1% +0.8%

14:15 U.S. Capacity Utilization November 78.9% 79.4%

15:00 U.S. NAHB Housing Market Index December 58 59

21:00 U.S. Net Long-term TIC Flows October 164.3 72.8

21:00 U.S. Total Net TIC Flows October -55.6