Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the weaker-than-expected construction PMI from the U.K.

Economic calendar (GMT0):

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

00:30 Australia Trade Balance February -1.03 Revised From -0.98 -1.25 -1.26

08:30 United Kingdom PMI Construction March 60.1 60.4 57.8

11:30 Eurozone ECB Monetary Policy Meeting Accounts

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. economic data. The U.S. trade deficit is expected to narrow to $41.5 billion in February from $41.8 billion in January.

The number of initial jobless claims in the U.S. is expected to rise by 3,000 to 285,000.

Factory orders in the U.S. are expected to be flat in February, after a 0.2% decline in January.

The euro traded higher against the U.S. dollar in the absence of any major economic reports from the Eurozone. Concerns over Greece's debt problems continue to weigh on the euro.

The European Central Bank (ECB) released its minutes of March meeting. According to the minutes, the Governing Council reiterated to keep its monetary policy "for as long as needed".

The British pound traded lower against the U.S. dollar after the weaker-than-expected construction PMI from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. fell to 57.8 in March from 60.1 in February, missing expectations for a rise to 60.4.

The decline was driven by slower rise of output and new orders.

The Canadian dollar traded lower against the U.S. dollar ahead of Canadian trade data. The Canadian trade deficit is expected to narrow to C$1.8 billion in February from C$2.5 billion in January.

EUR/USD: the currency pair rose to $1.0843

GBP/USD: the currency pair decreased to $1.4778

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30 Canada Trade balance, billions February -2.5 -1.8

12:30 U.S. International Trade, bln February -41.8 -41.5

12:30 U.S. Initial Jobless Claims March 282 285

12:30 U.S. Continuing Jobless Claims March 2416

14:00 U.S. Factory Orders February -0.2% 0.0%