Foreign exchange market. Asian session: the euro remained under pressure

Economic calendar (GMT0):

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

1:30 Australia RBA Meeting's Minutes

06:00 Germany Producer Price Index (MoM) September -0.5% -0.1% -0.4%

06:00 Germany Producer Price Index (YoY) September -1.7% -1.8% -2.1%

06:00 Switzerland Trade Balance September 2.87 2.51 3.05

The euro remains under pressure ahead of ECB meeting and press conference scheduled for Thursday. Experts say that officials may change the tone of their statements. The single currency is likely to remain under pressure till the end of the week. It's worth to remember that on Friday data showed that inflation turned negative in September in the euro zone (the first negative reading since the introduction of ECB's asset purchase program in March).

The Australian dollar rose amid minutes of the latest meeting of the Reserve Bank of Australia. Minutes suggest that the central bank does not intend to cut its benchmark rate. The rate has been at 2% since May. Minutes noted risks to financial stability from overheated housing market, although a weaker AUD contributes to balance in the economy. The RBA said that inflation will stay low for the coming year or two.

EUR/USD: the pair fluctuated within $1.1320-40 in Asian trade

USD/JPY: the pair traded within Y119.45-55

GBP/USD: the pair rose to $1.5480

The most important news that are expected (GMT0):

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

08:00 Eurozone Current account, unadjusted, bln August 33.8

09:45 United Kingdom MPC Member McCafferty Speaks

10:00 United Kingdom BOE Gov Mark Carney Speaks

12:30 Canada Wholesale Sales, m/m August 0.0% 0.2%

12:30 U.S. Building Permits September 1161 1164

12:30 U.S. Housing Starts September 1126 1150

13:00 U.S. FOMC Member Dudley Speak

13:15 U.S. FOMC Member Jerome Powell Speaks

15:00 U.S. Fed Chairman Janet Yellen Speaks

20:30 U.S. API Crude Oil Inventories October 9.3

22:45 New Zealand Visitor Arrivals September 7.4%

23:50 Japan Trade Balance Total, bln September -569.6 84.4