Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the release of the European Central Bank's (ECB) minutes

Economic calendar (GMT0):

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

00:30 Australia Unemployment rate January 5.8% 5.8% 6.0%

00:30 Australia Changing the number of employed January -0.8 Revised From -1.0 15 -7.9

01:30 China PPI y/y January -5.9% -5.4% -5.3%

01:30 China CPI y/y January 1.6% 1.9% 1.8%

07:00 Switzerland Trade Balance January 2.59 Revised From 2.54 2.67 3.513

09:00 Eurozone Current account, unadjusted, bln December 30.3 Revised From 29.8 41.4

12:30 Eurozone ECB Monetary Policy Meeting Accounts

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The number of initial jobless claims in the U.S. is expected to rise by 6,000 to 275,000 last week.

The Philadelphia Federal Reserve Bank' manufacturing index is expected to increase to -3 in February from -3.5 in January.

The euro traded lower against the U.S. dollar after the release of the European Central Bank's (ECB) minutes. The minutes showed that downside risks to the outlook increased.

The ECB kept its interest rate unchanged at 0.05% in January, but said that it will review its quantitative easing in March.

The British pound traded higher 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 the Canadian economic data. Wholesales sales in Canada are expected to increase 0.2% in December, after a 1.8% rise in November.

The Swiss franc traded lower against the U.S. dollar. The Swiss Federal Customs Administration released its trade data on Thursday. The Swiss trade surplus widened to CHF3.51 billion in January from CHF2.59 billion in the previous month. December's figure was revised up from a surplus of CHF2.54 billion. Exports dropped 3.9% year-on-year in January, while imports were down 5.0%.

EUR/USD: the currency pair decreased to $1.1077

GBP/USD: the currency pair rose to $1.4393

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

13:30 Canada Wholesale Sales, m/m December 1.8% 0.2%

13:30 U.S. Initial Jobless Claims February 269 275

13:30 U.S. Philadelphia Fed Manufacturing Survey February -3.5 -3

15:00 U.S. Leading Indicators January -0.2% -0.2%

16:00 U.S. Crude Oil Inventories February -0.754 4.0