Foreign exchange market. Asian session: the U.S. dollar advanced

Economic calendar (GMT0):

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

00:30 Australia RBA's Governor Glenn Stevens Speech

01:30 Australia Export Price Index, q/q Quarter II -0.8% -4% -4.4%

01:30 Australia Import Price Index, q/q Quarter II -0.2% 1.5% 1.4%

01:30 Australia Building Permits, m/m June 2.3% Revised From 2.4% -0.8% -8.2%

The U.S. dollar advanced against the euro and the Japanese yen after Fed policymakers voted to keep the benchmark rate unchanged and noted that growth rates had been moderate in the past months. The labor market kept making progress, while inflation remained low.

The yen advanced slightly at the beginning of the session amid industrial production data, which showed that the corresponding index rose by 0.8% m/m in June. However this increase came after a 2.1% drop in May. That's why many analysts expect Japanese GDP to show contraction in the second quarter of the current year.

The New Zealand dollar is under pressure amid positive attitude towards the greenback. The kiwi got hit by a 4.1% decline in building permits. The previous reading was 0.

EUR/USD: the pair fell to $1.0965 in Asian trade

USD/JPY: the pair rose to Y124.20

GBP/USD: the pair traded around $1.5585-10

The most important news that are expected (GMT0):

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

07:00 Switzerland KOF Leading Indicator July 89.7 90.3

07:55 Germany Unemployment Rate s.a. July 6.4% 6.4%

07:55 Germany Unemployment Change July -1 -5

09:00 Eurozone Economic sentiment index July 103.5 103.3

09:00 Eurozone Consumer Confidence (Finally) July -5.6 -7.1

09:00 Eurozone Business climate indicator July 0.1 0.15

09:00 Eurozone Industrial confidence July -3.4 -3.4

09:00 Eurozone Unemployment Rate June 11.1%

12:00 Germany CPI, m/m (Preliminary) July -0.1% 0.3%

12:00 Germany CPI, y/y (Preliminary) July 0.3% 0.3%

12:30 U.S. Continuing Jobless Claims July 2207 2212

12:30 U.S. PCE price index, q/q (Preliminary) Quarter II -2% 2%

12:30 U.S. PCE price index ex food, energy, q/q (Preliminary) Quarter II 0.8% 1.6%

12:30 U.S. Initial Jobless Claims July 255 270

12:30 U.S. GDP, q/q (Preliminary) Quarter II -0.2% 2.6%

23:05 United Kingdom Gfk Consumer Confidence July 7 5

23:30 Japan Unemployment Rate June 3.3% 3.3%

23:30 Japan Household spending Y/Y June 4.8% 1.7%

23:30 Japan Tokyo Consumer Price Index, y/y July 0.3%

23:30 Japan Tokyo CPI ex Fresh Food, y/y July 0.1% 0.0%

23:30 Japan National Consumer Price Index, y/y June 0.5% 0.3%

23:30 Japan National CPI Ex-Fresh Food, y/y June 0.1% 0.0%