Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the ZEW economic sentiment data from the Eurozone

Economic calendar (GMT0):

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

01:30 Australia RBA Meeting's Minutes

09:00 Eurozone ZEW Economic Sentiment April 62.4 63.7 64.8

09:00 Germany ZEW Survey - Economic Sentiment April 54.8 56.0 53.3

The U.S. dollar traded lower against the most major currencies. There will be released no major U.S. economic reports today.

The euro traded higher against the U.S. dollar after the ZEW economic sentiment data from the Eurozone. Germany's ZEW economic sentiment index decreased unexpectedly to 53.3 in April from 54.8 in March, missing expectations for a rise to 56.0.

It was the first decrease since October 2014.

The decline was driven by lower export prospects.

The ZEW President Clemens Fuest said that Germany's economy "is in good shape".

Eurozone's ZEW economic sentiment index rose to 64.8 in April from 62.4 in March, beating expectations for a gain to 63.7.

The Greek debt problem continue to weigh on markets. The country is still running out of cash, and it needs a new tranche of loans. The Greek government hopes to unblock a new tranche of loans at the Eurogroup meeting on April 24.

The European Central Bank is studying measures on Greek banks in return for emergency liquidity.

The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K. The uncertainty ahead of the election in the U.K. in May continue to weigh on the pound.

The Canadian dollar traded higher against the U.S. dollar head of Canadian wholesales data.

EUR/USD: the currency pair increased to $1.0716

GBP/USD: the currency pair climbed to $1.4908

USD/JPY: the currency pair fell to Y119.30

The most important news that are expected (GMT0):

12:30 Canada Wholesale Sales, m/m February -3.1%

20:00 Canada Annual Budget

23:50 Japan Trade Balance Total, bln -425 50

23:50 Japan Adjusted Merchandise Trade Balance, bln March -639 -410