Foreign exchange market. European session: the Japanese yen traded higher against the U.S. dollar due to increasing demand for the safe-haven currency

Economic calendar (GMT0):

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

05:00 Japan Leading Economic Index (Finally) June 106.0 Revised From 106.2 106.5

05:00 Japan Coincident Index (Finally) June 111.3 Revised From 109.0 112.3

The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. Chicago Federal National Activity Index data.

Concerns over a slowdown in the Chinese economy weighed on the greenback. The Chinese preliminary Markit/Caixin manufacturing Purchasing Managers' Index (PMI) (released on Friday) decreased to 47.1 in August from 47.8 in July, missing expectations for a decline to 47.7, and hitting a 77-month low.

The euro traded higher against the U.S. dollar in the absence of any major economic report from the Eurozone. The currency pair was supported by a weaker U.S. dollar.

The British pound traded higher against the U.S. dollar in the absence of any major economic report from the Eurozone. The currency pair was supported by a weaker U.S. dollar.

The Confederation of British Industry (CBI) released its economic growth forecasts for the U.K. The CBI expects Britain's economy to expand 2.6% this year, up from the previous estimate of 2.4%, and 2.8% in 2016, up from the previous estimate of 2.5%.

The upgrade was driven by higher increase in in productivity and household spending.

The Japanese yen traded higher against the U.S. dollar due to increasing demand for the safe-haven currency.

EUR/USD: the currency pair rose to $1.1541

GBP/USD: the currency pair increased to $1.5751

USD/JPY: the currency pair fell to Y119.53

The most important news that are expected (GMT0):

12:30 U.S. Chicago Federal National Activity Index July 0.08

19:55 U.S. FOMC Member Dennis Lockhart Speaks