Economic calendar (GMT0):

00:00    United Kingdom     Bank holiday                                                  

00:00    U.S.                       Bank holiday                                                  

06:00    Germany               Gfk Consumer Confidence Survey         June      8.5         8.5          8.5

08:00    Eurozone               ECB President Mario Draghi Speaks

The U.S. dollar traded lower against the most major currencies in the absence of any major economic reports in the U.S. Markets in the U.S. closed for the Memorial Day holiday.

The euro increased against the U.S. dollar after the speech of the European Central Bank President Mario Draghi. The European Central Bank President Mario Draghi signalled at new ECB annual conference in Sintra that the ECB will take action in June if the inflation should weaken.

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

EUR/USD: the currency pair climbed to $1.3648

GBP/USD: the currency pair increased to $1.6853

USD/JPY: the currency pair declined to Y101.86

The most important news that are expected (GMT0):

23:50    Japan                    CSPI, y/y            April      +0.7%