Foreign exchange market. Asian session: the dollar gained

Economic calendar (GMT0):

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

00:00 Australia Conference Board Australia Leading Index April 0.0% Revised From -0.1% -3.0%

01:30 Australia House Price Index (QoQ) Quarter I 2.0% Revised From 1.9% 2.3% 1.6%

01:30 Australia House Price Index (YoY) Quarter I 6.8% 6.9%

01:35 Japan Manufacturing PMI (Preliminary) June 50.9 49.9

01:45 China HSBC Manufacturing PMI (Preliminary) June 49.2 49.4 49.6

The euro declined amid optimism regarding Greece. On Monday Greek sources said that Athens agreed to extend financial aid program by the European Commission, the International Monetary Fund and the European Central Bank. However it is still unknown for how long the program will be extended. At the same time some sources reported that a deal may be reached on Wednesday and announced on Thursday.

Japanese yen fell against the dollar as the Nikkei stock index gained.

Preliminary China HSBC PMI data showed that contraction slowed down in the country's manufacturing sector in June. The index rose to 49.6 from 49.2 reported previously, while it was expected to advance to 49.4. There is some improvement, but the index remained below the 50 points mark, which separates contraction and expansion. Manufacturers continued to reduce the number of employees amid subdued demand in China and overseas.

EUR/USD: the pair has fallen to $1.1255 this morning

USD/JPY: the pair rose to Y123.75

GBP/USD: the pair fell to $1.5760

The most important news that are expected (GMT0):

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

07:00 France Services PMI (Preliminary) June 52.8 52.6

07:00 France Manufacturing PMI (Preliminary) June 49.4 49.5

07:30 Germany Services PMI (Preliminary) June 53.0 53.0

07:30 Germany Manufacturing PMI (Preliminary) June 51.1 51.3

08:00 Eurozone Manufacturing PMI (Preliminary) June 52.2 52.2

08:00 Eurozone Services PMI (Preliminary) June 53.8 53.6

10:00 United Kingdom CBI industrial order books balance June -5 1

12:00 U.S. FOMC Member Jerome Powell Speaks

12:30 U.S. Durable goods orders ex defense 0.2%

12:30 U.S. Durable Goods Orders May -0.5% -0.5%

12:30 U.S. Durable Goods Orders ex Transportation May 0.5% 0.6%

13:00 U.S. Housing Price Index, y/y April 0.3%

13:45 U.S. Manufacturing PMI (Preliminary) June 54.0 54.2

14:00 U.S. Richmond Fed Manufacturing Index June 1

14:00 U.S. New Home Sales May 517 525

20:30 U.S. API Crude Oil Inventories June -2.9

23:50 Japan Monetary Policy Meeting Minutes