Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the release of the weak consumer price inflation data from the Eurozone

Economic calendar (GMT0):

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

00:00 Australia MI Inflation Gauge, m/m February 0.4% -0.2%

00:00 New Zealand ANZ Business Confidence January 23 7.1

00:30 Australia Company Gross Profits QoQ Quarter IV 1.4% Revised From 1.3% -1.8% -2.8%

00:30 Australia Private Sector Credit, m/m January 0.5% Revised From 0.6% 0.5% 0.5%

00:30 Australia Private Sector Credit, y/y January 6.6% 6.5%

05:00 Japan Housing Starts, y/y January -1.3% 0.0% 0.2%

05:00 Japan Construction Orders, y/y January 14.8% -13.8%

07:00 Germany Retail sales, real adjusted January 0.6% Revised From -0.2% 0.2% 0.7%

07:00 Germany Retail sales, real unadjusted, y/y January 2.5% Revised From 0.6% 1.5% -0.8%

08:00 Switzerland KOF Leading Indicator February 100.4 Revised From 100.3 98.8 102.4

09:30 United Kingdom Consumer credit, mln January 1169 1300 1564

09:30 United Kingdom Mortgage Approvals January 71.33 Revised From 70.84 73.6 74.581

09:30 United Kingdom Net Lending to Individuals, bln January 4.4 5.3

10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) February 0.3% 0.0% -0.2%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) February 1% 0.9% 0.7%

The U.S. dollar traded higher against the most major currencies ahead of the release of the U.S. economic data. The Chicago purchasing managers' index is expected to decrease to 53.0 in February from 55.6 in January.

Pending home sales in the U.S. expected to rise 0.5% in January, after a 0.1% gain in December.

The euro traded lower against the U.S. dollar after the release of the weak consumer price inflation data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Monday. The preliminary consumer price inflation in the Eurozone declined to -0.2% year-on-year in February from 0.3% in January, missing expectations for a flat reading.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco fell to an annual rate of 0.7% in February from 1.0% in January. Analysts had expected the index to decrease to 0.9%.

Food, alcohol and tobacco prices were up 0.7% in February, non-energy industrial goods prices gained 0.3%, and services prices climbed 1.0%, while energy prices dropped 8.0%.

The British pound traded lower against the U.S. dollar after the release of the U.K. lending data. The Bank of England (BoE) released its number of mortgages approvals for the U.K. on Monday. The number of mortgages approvals in the U.K. was up to 74,581 in January from 71,335 in December, exceeding expectations for an increase to 73,600. December's figure was revised up from 70,837.

Net lending to individuals in the U.K. increased by £5.3 billion in January, after a £4.3 billion gain in December. December's figure was revised down from a £4.4 rise.

The Canadian dollar traded lower against the U.S. dollar ahead of the release of the Canadian economic data. The Canadian current account deficit is expected to narrow to C$15.6 billion in the fourth quarter from a deficit of C$16.2 billion in the third quarter.

The Swiss franc traded lower against the U.S. dollar. The Swiss Economic Institute KOF released its leading indicator for Switzerland on Monday. The KOF leading indicator climbed to 102.4 in February from 100.4 in January, beating expectations for a fall to 98.8. The increase was mainly driven by the manufacturing industry.

EUR/USD: the currency pair decreased to $1.0878

GBP/USD: the currency pair fell to $1.3835

USD/JPY: the currency pair rose to Y113.18

The most important news that are expected (GMT0):

13:30 Canada Current Account, bln Quarter IV -16.2 -15.6

13:30 Canada Industrial Product Price Index, m/m January -0.2%

14:45 U.S. Chicago Purchasing Managers' Index February 55.6 53

15:00 U.S. Pending Home Sales (MoM) January 0.1% 0.5%

23:30 Japan Unemployment Rate January 3.3% 3.3%

23:30 Japan Household spending Y/Y January -4.4% -2.7%