Foreign exchange market. Asian session: the Australian dollar strengthened

Economic calendar (GMT0):

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

01:30 Australia Home Loans May 0.7% Revised From 1.0% -3.5% -6.1%

05:00 Japan Consumer Confidence June 41.4 41.7

06:45 France Industrial Production, y/y May 1.1% 1.6%

06:45 France Industrial Production, m/m May -0.9% 0.4% 0.4%

The Australian dollar rose as gains in Chinese stocks boosted demand for this commodity currency. The AUD gained despite weak home loans data. The Australian Bureau of Statistics reported that the home loans index came in at -6.1% in May vs -3.5% expected. April reading was revised to 0.7% from 1%.

The euro rose against the dollar after Greece presented new reform proposals indulging hopes for a deal. The new reforms package would bring the country additional €12 billion. The new package suggests raising income tax and VAT.

The yen declined against the dollar as demand for this safe-haven currency faded after Greece came up with a new reforms plan. Gains in Chinese stocks attracted investors to riskier assets and pushed on the yen.

EUR/USD: the pair rose to $1.1100 in Asian trade

USD/JPY: the pair rose to Y122.00

GBP/USD: the pair rose to $1.5400

The most important news that are expected (GMT0):

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

08:30 United Kingdom Total Trade Balance May -1.202

12:30 Canada Unemployment rate June 6.8% 6.9%

12:30 Canada Employment June 58.9 -10

14:00 U.S. Wholesale Inventories May 0.4% 0.3%

16:30 U.S. Fed Chairman Janet Yellen Speaks