Foreign exchange market. European session: the euro rose against the U.S. dollar on speculation that the European Central Bank will announce the bond-buying programme on Thursday

Economic calendar (GMT0):

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

00:01 United Kingdom Rightmove House Price Index (MoM) January -2.2% Revised From -3.3% +1.4%

00:01 United Kingdom Rightmove House Price Index (YoY) January +7.0% +8.2%

00:30 Australia New Motor Vehicle Sales (MoM) December -0.5% Revised From -0.6% +3.0%

00:30 Australia New Motor Vehicle Sales (YoY) December -3.7% Revised From -3.8% -1.0%

04:30 Japan Industrial Production (MoM) (Finally) November -0.6% -0.6% -0.5%

04:30 Japan Industrial Production (YoY) (Finally) November -3.8% -3.8% -3.7%

05:00 Japan Consumer Confidence December 37.7 38.6 38.8

08:15 Switzerland Producer & Import Prices, m/m December -0.7% -0.6% -0.4%

08:15 Switzerland Producer & Import Prices, y/y December -1.6% -1.5% -2.1%

09:00 Eurozone Current account, adjusted, bln November 19.5 Revised From 20.5 21.3 18.1

11:00 Germany Bundesbank Monthly Report

13:00 U.S. Bank holiday

The U.S. dollar traded mixed against the most major currencies.

U.S. markets are closed for Martin Luther King holiday.

The euro rose against the U.S. dollar on speculation that the European Central Bank will announce the bond-buying programme on Thursday.

Eurozone's adjusted current account surplus fell to €18.1 billion in November from €19.5 billion in October. October's figure was revised down from a surplus of €20.5 billion. Analysts had expected a surplus of €21.3 billion.

The British pound traded slightly higher against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded mixed against the U.S. dollar ahead of foreign securities purchases from Canada. Foreign securities purchases in Canada are expected to rise by C$7.23 billion in November, after a C$9.53 increase in October.

The Swiss franc traded lower against the U.S. dollar. Switzerland's producer and import prices declined 0.4% in December, beating forecasts of a 0.6% rise, after a 0.7% fall in November.

On a yearly basis, producer and import prices decreased 2.1% in December, missing expectation for a 1.5% decline, after a 1.6% drop in November.

The Swiss Franc plunged against the greenback last Thursday as the Swiss National Bank announced today that it will discontinue the 1.20 per euro exchange rate floor. But the SNB added that will remain active in the foreign exchange market.

EUR/USD: the currency pair rose to $1.1627

GBP/USD: the currency pair increased to $1.5180

USD/JPY: the currency pair climbed to $117.46

The most important news that are expected (GMT0):

13:30 Canada Foreign Securities Purchases November 9.53 7.23

21:00 New Zealand NZIER Business Confidence Quarter IV 19