Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the release of the mostly positive final manufacturing PMI data for the Eurozone

Economic calendar (GMT0):

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

00:00 China Bank holiday

01:00 Australia MI Inflation Gauge, m/m 0.0% 0.1%

02:00 Japan Manufacturing PMI (Finally) April 48.0 Revised From 49.1 48.0 48.2

06:00 United Kingdom Bank holiday

07:15 Switzerland Retail Sales (MoM) March -0.6% Revised From -0.4% -0.3%

07:15 Switzerland Retail Sales Y/Y March -0.4% Revised From -0.2% -1.3%

07:30 Switzerland Manufacturing PMI April 53.2 54.7

07:50 France Manufacturing PMI (Finally) April 49.6 48.3 48

07:55 Germany Manufacturing PMI (Finally) April 50.7 51.9 51.8

08:00 Eurozone Manufacturing PMI (Finally) April 51.6 51.5 51.7

09:30 Eurozone ECB's Jens Weidmann Speaks

The U.S. dollar traded mixed to lower against the most major currencies ahead of the release of the U.S. economic later in the day. The final manufacturing purchasing managers' index is expected to rise to 50.8 in April from 51.5 in March.

The ISM manufacturing purchasing managers' index is expected to decrease to 51.5 in April from 51.8 in March.

The euro traded higher against the U.S. dollar after the release of the mostly positive final manufacturing purchasing managers' index (PMI) data for the Eurozone. Markit Economics released its final manufacturing PMI for the Eurozone on Monday. Eurozone's final manufacturing PMI climbed to 51.7 in April from 51.6 in March, up from the preliminary reading of 51.5.

The rise was driven by a faster growth in employment and as deflationary pressures moderated.

"The survey is signalling an anaemic annual rate of growth of manufacturing production of just less than 1%, which is half the pace seen in the months leading up to the recent slowdown," Chris Williamson, Chief Economist at Markit said.

"The survey data therefore so far show no signs of ECB stimulus or the weaker euro helping to revive the manufacturing sector, at least for the euro area as a whole," he added.

Germany's final Markit/BME manufacturing PMI rose to 51.8 in April from 50.7 in March, down from the preliminary reading of 51.9. The index was mainly driven by rises in new business and employment.

France's final manufacturing PMI decreased to 48.0 in April from 49.6 in March, down the preliminary reading of 48.3. The index was driven by drops in new business, output and output prices. Output prices slid a fastest pace since July 2009.

The British pound traded higher against the U.S. dollar in the absence of any major economic data from the U.K. Markets in the U.K. are closed for a public holiday.

The Swiss franc traded higher against the U.S. dollar. The Federal Statistical Office released its retail sales data for Switzerland on Monday. Retail sales in Switzerland were down at an annual rate of 1.3% in March, after a 0.4% decrease in February. February's figure was revised down from a 0.2% fall. On a monthly basis, retail sales fell by 0.3% in March, after a 0.6% drop in February. February's figure was revised down from a 0.4% fall.

Credit Suisse and procure.ch released their manufacturing purchasing managers' index (PMI) for Switzerland on Monday. The manufacturing purchasing managers' index in Switzerland climbed to 54.7 in April from 53.2 in March, hitting the 2-year high. The increase was mainly driven by rises in output and backlog of orders sub-indexes. The production increased to 59.4 in April from 58.0 in March, while the backlog of orders sub-index jumped to 57.6 from 54.9.

EUR/USD: the currency pair rose to $1.1498

GBP/USD: the currency pair increased to $1.4690

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

13:45 U.S. Manufacturing PMI (Finally) April 51.5 50.8

14:00 U.S. Construction Spending, m/m March -0.5% 0.3%

14:00 U.S. ISM Manufacturing April 51.8 51.5

15:00 Eurozone ECB President Mario Draghi Speaks

16:30 Switzerland SNB Chairman Jordan Speaks