Foreign exchange market. Asian session: the euro advanced

Economic calendar (GMT0):

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

06:00 Switzerland Trade Balance July 3.58 3.74

The euro strengthened against the U.S. dollar amid minutes from the latest meeting of the Federal Reserve. It was also announced that the European Stability Mechanism had approved the third international bailout program for Greece worth up to €86 billion. Greece is supposed to receive first €13 billion by Thursday morning. The first tranche is €26 billion and the country will have it before October 2015.

The greenback retreated as minutes from July Fed meeting showed that policymakers had not agreed on the timing of a liftoff in interest rates. Experts also noted that a stronger dollar could weigh on inflation and economic growth in the U.S.

The yen slightly advanced against the U.S. dollar after it reached a three-week low yesterday amid Fed meeting minutes, which showed no clear signs of intentions to raise interest rates in September.

EUR/USD: the pair rose to $1.1150 in Asian trade

USD/JPY: the pair traded within Y123.80-00

GBP/USD: the pair traded within $1.5675-00

The most important news that are expected (GMT0):

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

06:45 U.S. FOMC Member Williams Speaks

08:30 United Kingdom Retail Sales (MoM) July -0.2% 0.4%

08:30 United Kingdom Retail Sales (YoY) July 4.0% 4.4%

10:00 United Kingdom CBI industrial order books balance August -10 -10

12:30 Canada Wholesale Sales, m/m June -1.0% 1.0%

12:30 U.S. Continuing Jobless Claims August 2273 2265

12:30 U.S. Initial Jobless Claims August 274 272

14:00 U.S. Existing Home Sales July 5.49 5.44

14:00 U.S. Philadelphia Fed Manufacturing Survey August 5.7 7

14:00 U.S. Leading Indicators July 0.6% 0.2%

17:00 U.S. Jackson Hole Symposium

22:45 New Zealand Visitor Arrivals July 9.2%