Economic calendar (GMT0):

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

01:30 Australia Construction Work Done Quarter II +0.3% -0.4% -1.2%

06:00 Germany Gfk Consumer Confidence Survey September 9.0 8.9 8.6

06:00 Switzerland UBS Consumption Indicator July 2.07 Revised From 2.06 1.66

The U.S. dollar traded lower against the most major currencies. Yesterday's mixed U.S. economic data weighed on the greenback. Durable goods orders in the U.S. jumped 22.6% in July, but the increase was driven by increasing demand for new aircraft drove the rise. Orders for civilian aircraft soared 318%, while orders for transportation equipment rose 74.2%.

Durable goods orders, excluding transportation, fell 0.8% in July, missing expectations for a 0.5% increase, after a 3.0% gain in June.

The consumer confidence index rose to 92.4 in August from a 90.3 in July, beating forecasts for a decline to 89.1. That was the highest level since October 2007.

Tensions over Ukraine eased. Russian President Vladimir Putin met Ukrainian President Petro Poroshenko in Minsk yesterday. Russian President Vladimir Putin said talks with Ukrainian president were positive. Ukrainian President Petro Poroshenko aid that Russia, Belarus and Kazakhstan are backing a Ukrainian peace strategy.

The euro increased against the U.S. dollar despite the weaker-than-expected Gfk consumer climate index for Germany. The Gfk consumer climate index dropped to 8.6 in August from 9.0 in July, missing expectations for a decline to 8.9. That was the first decline since January 2013.

The British pound rose against the U.S. dollar in the absence of any major economic data in the UK.

The Swiss franc rose against the U.S. dollar. The UBS consumption Indicator fell to 1.66 in July from 2.07 in June. June's figure was revised up from 2.06.

EUR/USD: the currency pair rose to $1.3189

GBP/USD: the currency pair increased to $1.6603

USD/JPY: the currency pair traded mixed