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)

01:00 China Non-Manufacturing PMI August 53.9 53.4

01:00 China Manufacturing PMI August 50 49.7 49.7

01:30 Australia Current Account, bln Quarter II -13.5 Revised From -10.7 -15.8 -19.0

01:30 Australia Building Permits, m/m July -5.2% Revised From -8.2% 2.5% 4.2%

01:35 Japan Manufacturing PMI (Finally) August 51.2 51.9 51.7

01:45 China Markit/Caixin Services PMI August 53.8 53.9 51.5

04:30 Australia Announcement of the RBA decision on the discount rate 2.0% 2% 2.0%

04:30 Australia RBA Rate Statement

07:30 Switzerland Manufacturing PMI August 48.7 49.7 52.2

07:50 France Manufacturing PMI (Finally) August 49.6 48.6 48.3

07:55 Germany Manufacturing PMI (Finally) August 51.8 53.2 53.3

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

07:55 Germany Unemployment Change August 8 Revised From 9 -2 -7

08:00 Eurozone Manufacturing PMI (Finally) August 52.4 52.4 52.3

08:30 United Kingdom Consumer credit, mln July 1230 Revised From 1220 1200 1173

08:30 United Kingdom Net Lending to Individuals, bln July 3.9 Revised From 3.8 3.9 3.9

08:30 United Kingdom Purchasing Manager Index Manufacturing August 51.9 52 51.5

08:30 United Kingdom Mortgage Approvals July 67.07 Revised From 66.58 68 68.76

09:00 Eurozone Unemployment Rate July 11.1% 11.1% 10.9%

The U.S. dollar traded mixed against the most major currencies ahead the release of the U.S. manufacturing purchasing managers' index data. The final manufacturing purchasing managers' index is expected to decline to 52.9 in August from 53.8 in July.

The ISM manufacturing purchasing managers' index is expected to fall to 52.6 in August from 52.7 in July.

The euro traded lower against the U.S. dollar despite the positive economic data from the Eurozone. Eurozone's unemployment rate declined to 10.9% in July from 11.1% in June. It was the lowest level since February 2012. Analysts had expected the unemployment rate to remain unchanged at 11.1%.

Markit Economics released its final manufacturing purchasing managers' index (PMI) for the Eurozone on Tuesday. Eurozone's final manufacturing purchasing managers' index (PMI) fell to 52.3 in August from 52.4 in July, down from a preliminary reading of 52.4.

The Federal Labour Agency released its unemployment figures for Germany on Tuesday. The number of unemployed people in Germany declined by 7,000 in August, exceeding expectations for a 2,000 decline, after a 8,000 rise in July. July's figure was revised down from a 9,000 increase.

The British pound traded lower against the U.S. dollar after the weaker-than-expected manufacturing PMI from the U.K. The Markit/Chartered Institute of Procurement & Supply manufacturing PMI for the U.K. decreased to 51.5 in August from 51.9 in July, missing expectations for a rise to 52.0.

A reading above 50 indicates expansion.

The decline was driven by a drop in purchase prices. Average costs showed the steepest decline during the past 16 years.

The Bank of England (BoE) released its number of mortgages approvals for the U.K. on Tuesday. The number of mortgages approvals in the U.K. was up to 68,764 in July from 67,069 in June, exceeding expectations for an increase to 68,000. It was the highest reading since February 2014.

The Canadian dollar traded mixed against the U.S. dollar ahead of the release of Canadian GDP data. Canada's GDP is expected to rise 0.2% in June, after a 0.2% decline in May.

The Swiss franc traded lower against the U.S. dollar despite the better-than-expected the manufacturing PMI from Switzerland. Credit Suisse released its manufacturing purchasing managers' index (PMI) for Switzerland on Tuesday. The manufacturing purchasing managers' index in Switzerland climbed to 52.2 in August from 48.7 in July, exceeding expectations for an increase to 49.7. It was the highest reading since December 2014.

The increase was largely driven by a rise in production.

EUR/USD: the currency pair declined to $1.1232

GBP/USD: the currency pair fell to $1.5308

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

The most important news that are expected (GMT0):

12:30 Canada GDP (m/m) June -0.2% 0.2%

12:30 Canada GDP QoQ Quarter II -0.1% 0.2%

12:30 Canada GDP (YoY) Quarter II -0.6% -1%

13:45 U.S. Manufacturing PMI (Finally) August 53.8 52.9

14:00 U.S. Construction Spending, m/m July 0.1% 0.6%

14:00 U.S. ISM Manufacturing August 52.7 52.6