01:30 Australia RBA Meeting's Minutes

01:30 Australia New Motor Vehicle Sales (MoM) August -3.6% Revised From -3.5% +1.8% +0.8%

01:30 Australia New Motor Vehicle Sales (YoY) August +3.0% +0.2%

02:00 China Leading Index August +1.4% +0.7%

The dollar traded 0.4 percent from its lowest level in almost three weeks against the euro as investors await a decision on U.S. monetary policy from Federal Reserve officials beginning a two-day meeting today. The Federal Open Market Committee will probably decide to slow its monthly bond purchases to $75 billion from $85 billion, according to the median estimate of economists in a Bloomberg News survey on Sept. 6.

The Bloomberg U.S. Dollar Index was near a five-week low after the exit of Lawrence Summers from consideration to be the next Fed chairman fueled speculation the central bank will take a more gradual approach to scaling back bond purchases that tend to debase the currency. Fed Vice Chairman Janet Yellen is the leading candidate to replace Ben S. Bernanke following the withdrawal of Summers from consideration, a person familiar with the process said.

The euro climbed against the yen before a report that may show investor confidence in Germany climbed to a half-year high. The ZEW Center for European Economic Research in Mannheim will probably say today its index of German investor and analyst expectations, which aims to predict economic developments six months in advance, climbed to 45 this month from 42 in August, according to the median forecast in a Bloomberg poll. If confirmed, that would be the highest since March.

EUR / USD: during the Asian session the pair is trading around the $ 1.3330

GBP / USD: during the Asian session, the pair is trading around the $ 1.5900

USD / JPY: during the Asian session the pair rose to Y99.35

There is a full calendar on both sides of the Atlantic Tuesday, although the main event over the next two days is undoubtedly the 2-day FOMC meeting and any announcement Wednesday of any "tapering." The European calendar will see the Spanish second quarter labour cost survey released at 0700GMT. Central bank speakers are then to the fore. At 0730GMT, ECB Governing Council member Erkki Liikanen will hold a press conference on monetary policy, in Helsinki. At 0830GMT, ECB Executive Board member Peter Praet will deliver a speech at an LSE conference on regulation, in London. Further European data is set to be released at 0800GMT, when the EMU July current account numbers will be released. At 0900GMT, the EMU July trade balance will be released. Also due at 0900GMT, Germany's September ZEW survey is set for publication. Expectations are for a rise to 20.0 in the current situation, up from 18.3 in August. Expectations are seen rising to 45 from 42. ECB Governing Council member Ewald Nowotny will sit in on discussions about banking union, in Vienna, starting at 0945GMT. Back in Europe, at 1700GMT, ECB Executive Board member Peter Praet will participate in a panel discussion on the banking union, in Brussels.

There is a raft of UK data set for release at 0830GMT, focusing on both CPI and PPI inflation data. CPI inflation is likely to have moved a little closer to the Bank of England's 2% target in August after British Retail Consortium data showed prices fell during the month. A fall to 2.7% would take the CPI rate below the 2.8% forecast for August in the BOE's most recent Inflation Report. In terms of producer prices, both input and output price growth is likely to have eased slightly in August as a result of the recent rise in sterling. Also expected is the official UK July house price data.