The U.S. dollar is trading mixed against its major peers after ending the week lower against most currencies after the more dovish-than-expected FED statement. Investors will now closely watch Tuesday's data on U.S. inflation as FED Chair Janet Yellen warned, that a strong dollar will could keep inflation below target.

The euro is trading lower against the greenback after currently quoted at USD1.0815 after Friday's gains. The U.S. dollar set its worst weekly performance against the single currency last week amid expectations that U.S. rates will rise slower than expected. Today German Chancellor Angela Merkel will meet Greek Prime Minister Alexis Tsirpas for the second time to discuss the matter of the Greek bailout.

AT 14:30 GMT ECB president Mario Draghi will hold a speech.

Both commodity currencies, the Australian dollar and New Zealand's dollar gained against the greenback during the Asian session in the absence of major data from the region.

The Japanese yen traded slightly higher against the greenback on Monday in a light data day. I a meeting Bank of Japan Governor Haruhiko Kuroda told Prime Minister Shinzo Abe that low oil prices are slowing inflation but that the long term trend of rising consumer prices is still intact as the economic growth is on track and that the economy is recovering.

EUR/USD: the euro traded lower against the greenback

(time / country / index / period / previous value / forecast)

11:00 United Kingdom CBI industrial order books balance March 10 9

11:00 Germany Bundesbank Monthly Report

14:00 U.S. Existing Home Sales February 4.82 4.91

14:00 U.S. Existing Home Sales, m/m February -4.9%

14:30 Eurozone ECB President Mario Draghi Speaks

15:00 Eurozone Consumer Confidence (Preliminary) March -7 -6

16:20 U.S. FOMC Member Mester Speaks

23:00 Australia Conference Board Australia Leading Index January +0.4%