Foreign exchange market. Asian session: U.S. dollar traded stronger against most major peers

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

00:00 China Bank holiday

02:00 New Zealand Credit Card Spending January +4.5% +6.2%

The U.S. dollar traded higher against its major peers with exception of the Japanese yen. On Friday d better-than-expected data on the U.S. preliminary manufacturing purchasing managers' index supported the greenback. The index rose to 54.3 in February from 53.9 in January, beating expectations for a decline to 53.7.

On Friday a deal between Eurozone's finance ministers and Greece was reached to extend aid for Greece for four months under conditions. Today Greece must submit a list with planned measures and the EU will judged whether the list is sufficient or not.

On Tuesday all eyes will be on Federal Reserve Chair Janet Yellen who will speak in front of the Senate Banking Committee for an indication on when a possible interest rate may take place.

The Australian dollar lost against the dollar on Monday with no important data in the region published. Worries about low commodity prices weigh on the currency.

New Zealand's dollar declined against the greenback. Credit Card Spending for January came in at +6.2% compared to an increase of +4.5% in the previous month.

The Japanese yen traded slightly higher against the greenback on Monday after minutes of the January policy meeting of the Bank of Japans showed that some members of the board questioned the extension of the massive quantitative easing program started in October this year and that the QE may need to stop before reaching the 2% inflation target, although it was technically feasible to continue.

Chinese markets remained closed for a public holiday.

EUR/USD: the euro traded weaker against the greenback

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

09:00 Germany IFO - Business Climate February 106.7 107.4

09:00 Germany IFO - Current Assessment February 102.0 103.0

09:00 Germany IFO - Expectations February 111.7 112.7

11:00 United Kingdom CBI retail sales volume balance February 39 42

15:00 U.S. Mortgage Delinquencies Quarter IV 5.85%

15:00 U.S. Existing Home Sales January 5.04 5.03