Foreign exchange market. European session: the euro traded lower against the U.S. dollar despite the positive economic data from the Eurozone

Economic calendar (GMT0):

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

00:30 Australia MI Inflation Gauge, m/m August 0.2% 0.1%

01:00 Australia HIA New Home Sales, m/m July 0.5% -0.4%

01:00 New Zealand ANZ Business Confidence August -15.3 -29.1%

01:30 Australia Private Sector Credit, m/m July 0.4% 0.5% 0.6%

01:30 Australia Private Sector Credit, y/y July 5.9% 6.1%

01:30 Australia Company Gross Profits QoQ Quarter II -0.3% Revised From 0.2% -2% -1.9%

05:00 Japan Construction Orders, y/y July 15.4% -4.0%

05:00 Japan Housing Starts, y/y July 16.3% 11% 7.4%

06:00 Germany Retail sales, real unadjusted, y/y July 5.2% Revised From 5.1% 1.9% 3.3%

06:00 Germany Retail sales, real adjusted July -1.0% Revised From -2.3% 1% 1.4%

07:00 Switzerland KOF Leading Indicator August 100.4 Revised From 99.8 99.5 100.7

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) August 1% 1%

09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) August 0.2% 0.1% 0.2%

The U.S. dollar traded mixed to higher against the most major currencies ahead the release of the U.S. Chicago purchasing managers' index data. The Chicago purchasing managers' index is expected to rise to 54.9 in August from 54.7 in July.

The euro traded lower against the U.S. dollar despite the positive economic data from the Eurozone. The preliminary consumer price inflation in the Eurozone remained unchanged at an annual rate of 0.2% in August, beating expectations for a decline to 0.1%.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco remained unchanged at an annual rate of 1.0% in August.

Food, alcohol and tobacco prices were up 1.2% in August, non-energy industrial goods prices gained 0.6%, and services prices climbed 1.2%, while energy prices dropped 7.1%.

Destatis released its retail sales for Germany on Monday. German adjusted retail sales rose 1.4% in July, beating forecasts of a 1.0% gain, after a 1.0% drop in June. It was the biggest rise since October 2014.

June's figure was revised up from a 2.3% decline.

On a yearly basis, German retail sales jumped 3.3% in July, exceeding expectations for a 1.9% gain, after a 5.2% rise in June. June's figure was revised up from a 5.1% increase.

Sales of non-food products increased at an annual rate of 3.1% in July, while sales of food products climbed by 2.6%.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded mixed against the U.S. dollar ahead of the release of Canadian current account data.

The Swiss franc traded lower against the U.S. dollar. The KOF leading indicator rose to 100.7 in August from 100.4 in July, beating expectations for a decline to 99.5. July's figure was revised up from 99.8.

According to the institute, the outlook for the Swiss economy remained unchanged since July.

EUR/USD: the currency pair declined to $1.1196

GBP/USD: the currency pair fell to $1.5393

USD/JPY: the currency pair increased to Y121.35

The most important news that are expected (GMT0):

12:30 Canada Current Account, bln Quarter II -17.5

13:45 U.S. Chicago Purchasing Managers' Index August 54.7 54.9

23:30 Australia AIG Manufacturing Index August 50.4

23:50 Japan Capital Spending Quarter II 7.3% 9%