Economic calendar (GMT0):

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

00:00 China Bank holiday

00:30 Australia ANZ Job Advertisements (MoM) January -0.1% 1.0%

01:30 Japan Labor Cash Earnings, YoY January 0.0% 0.1%

05:00 Japan Eco Watchers Survey: Current January 48.7 46.6

05:00 Japan Eco Watchers Survey: Outlook January 48.2 49.5

09:30 Eurozone Sentix Investor Confidence February 9.6 7.2 6.0

The U.S. dollar traded higher against the most major currencies in the absence of any major economic reports from the U.S.

Market participants continued to eye Friday's U.S. labour market data. According to the U.S. Labor Department, the U.S. economy added 151,000 jobs in January, missing expectations for a rise of 190,000 jobs, after a gain of 262,000 jobs in December.

Job creation slowed in January. That could mean that the Fed might delay its further interest rate hikes. The Fed hiked its interest rates by a 0.25% to between 0.25% and 0.50% in December.

The U.S. unemployment rate fell to 4.9% in January from 5.0% in December. It was the lowest level since February 2008. Analysts had expected the unemployment rate to remain unchanged at 5.0%.

Average hourly earnings climbed 0.5% in January, exceeding forecasts of a 0.3% gain, after a flat reading in December.

The euro traded lower against the U.S. dollar after the release of the weak economic data from the Eurozone. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index slid to 6.0 in February from 9.6 in January. It was the lowest level since April 2015.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Although the values for Asia ex Japan recover something, this month results do not shape a fundamentally new image. In particular, the loss of momentum in Germany and the United States weighs heavily and stresses that the global economy is now in a very fragile state," Sentix said in its statement.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian building permits data. The Canadian building permits are expected to fall 5.0% in December, after a 19.6% rise in November.

EUR/USD: the currency pair fell to $1.1098

GBP/USD: the currency pair declined to $1.4377

USD/JPY: the currency pair decreased to Y116.11

The most important news that are expected (GMT0):

13:30 Canada Building Permits (MoM) December -19.6% 5%

15:00 U.S. Labor Market Conditions Index January 2.9

17:05 Canada Gov Council Member Lane Speaks