Foreign exchange market. Asian session: U.S. dollar trading mixed against its major peers

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

06:00 Japan Prelim Machine Tool Orders, y/y December +36.6% +33.8%

The U.S. dollar traded mixed against its major peers and declined versus the euro, after trading close to a nine-year high yesterday as investors are speculating on new stimulus measures, sovereign quantitative easing, by the ECB to help the lagging euro-zone economy. The upcoming Greek elections and falling oil prices also weigh on the single-currency. The Deutsche Bank revised its forecast for the euro down to USD1.10, UDS1 and 90 cents in the next three years.

The Australian dollar was hit by a plunge of copper prices. Copper futures declined by 6.2%. The aussie dropped the most since January 2^nd amid the weakening demand for the countries commodities.

New Zealand's dollar traded lower further retreating from monthly highs against the greenback reached on January 9^th. Today market participants await data on New Zealand's Food Price Index.

The Japanese yen booked gains against the U.S. dollar amid growing risk aversion for a fourth consecutive day as Japanese stocks declined, oil continued to slump and commodities weakened. Preliminary Machine Tool Orders declined to +33.8% in December from a previous reading of +36.6% in November. Japan's finance Minister Taro Aso called for a drastic fiscal reform to balance budget by 2021. Markets await data on Core Machinery Orders due late in the day at 23:50 GMT.

EUR/USD: the euro traded stronger against the greenback

(time / country / index / period / previous value / forecast)

07:45 France CPI, m/m December -0.2% 0.0%

07:45 France CPI, m/m December +0.3% -0.1%

10:00 Eurozone Industrial production, (MoM) November +0.1% 0.0%

10:00 Eurozone Industrial Production (YoY) November +0.7% -0.9%

10:00 Eurozone European Court of Justice Ruling for ESM and Fiscal Compact

13:30 U.S. Retail sales December +0.7% +0.2%

13:30 U.S. Retail sales excluding auto December +0.5% +0.1%

13:30 U.S. Import Price Index December -1.5% -2.7%

15:00 U.S. Business inventories November +0.2% +0.2%

15:30 U.S. Crude Oil Inventories January -3.1

19:00 U.S. Fed's Beige Book

21:45 New Zealand Food Prices Index, m/m December -0.5%

21:45 New Zealand Food Prices Index, y/y December +0.6%

23:50 Japan Core Machinery Orders November -6.4% +4.8%

23:50 Japan Core Machinery Orders, y/y November -4.9% -5.8%