Foreign exchange market. Asian session: the pound is under pressure

Economic calendar (GMT0):

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

06:00 Germany Producer Price Index (MoM) August 0.0% -0.3% -0.5%

06:00 Germany Producer Price Index (YoY) August -1.3% -1.5% -1.7%

The U.S. dollar stabilized after recent loss, which was triggered by the Federal Reserve's decision to keep interest rates unchanged. Investors' attitude towards the greenback also improved after FOMC Member Williams said that rates are likely to be raised this year.

The pound is under pressure ahead of publication of UK budget deficit data, scheduled for this week. The deficit is expected to post an increase in August compared to the previous month. However higher revenues from taxes might have lowered the deficit compared to the same period last year.

The New Zealand dollar fell amid a stronger greenback. Data by Westpac showed that consumer sentiment came in at 106 in the third quarter compared to 113 reported previously. The index has been falling since its peak in the first quarter of 2014, although it is still above 100.

EUR/USD: the pair climbed to $1.1320 in Asian trade

USD/JPY: the pair fell to Y119.70

GBP/USD: the pair traded within $1.5515-45

The most important news that are expected (GMT0):

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

10:00 Germany Bundesbank Monthly Report

12:30 Canada Wholesale Sales, m/m July 1.3%

14:00 U.S. Existing Home Sales August 5.59 5.53

17:00 U.S. FOMC Member Dennis Lockhart Speaks

18:45 Canada BOC Gov Stephen Poloz Speaks