Foreign exchange market. Asian session: the Australian dollar and the sterling declined

Economic calendar (GMT0):

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

05:00 Japan Eco Watchers Survey: Current June 53.3 53.2 51.0

05:00 Japan Eco Watchers Survey: Outlook June 54.5 53.5

The Australian dollar fell and hit a six-year low against the U.S. dollar amid declines in Chinese stocks and iron ore prices.

The pound continued falling against the dollar amid unexpected declines in UK manufacturing production. In May the corresponding index fell by 0.6% compared to the previous month.

The yen advanced against the dollar due to demand for this safe-haven currency as investors prefer not to take risks because of declines in Asian equities. However the pace of gains slowed down after the release of current account data. The report showed that the country's unadjusted current account rose to Y1,880.9 billion in May compared to Y1,326.4 billion reported previously. Economists expected a reading of Y1542 billion.

EUR/USD: the pair traded around $1.0975-15 in Asian trade

USD/JPY: the pair fell to Y121.95

GBP/USD: the pair fell to $1.5425

The most important news that are expected (GMT0):

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

07:00 United Kingdom Halifax house price index June -0.1%

07:00 United Kingdom Halifax house price index 3m Y/Y June 8.6%

09:00 Eurozone Eurogroup Meetings

11:00 U.S. MBA Mortgage Applications July -4.7%

11:30 United Kingdom Annual Budget Release

12:30 Canada Building Permits (MoM) May 11.6% -5.0%

14:30 U.S. Crude Oil Inventories July 2.386 -1

18:00 U.S. FOMC Member Williams Speaks

18:00 U.S. FOMC meeting minutes

23:50 Japan Core Machinery Orders, y/y May 3.0% 16.3%

23:50 Japan Core Machinery Orders May 3.8% -5%