Economic calendar (GMT0):

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

07:00 Eurozone ECB's Jens Weidmann Speaks

07:15 Switzerland Producer & Import Prices, m/m May -2.1% -0.8%

07:15 Switzerland Producer & Import Prices, y/y May -5.2% -6%

07:15 Switzerland Retail Sales (MoM) April 0.7% 2.1%

07:15 Switzerland Retail Sales Y/Y April -2.4% Revised From -2.8% 1.6%

07:30 Australia RBA Assist Gov Kent Speaks

09:00 Eurozone Trade balance unadjusted April 22.9 Revised From 23.4 24.9

The U.S. dollar traded mixed against the most major currencies ahead of the U.S. economic data. The U.S. industrial production is expected to climb 0.3% in May, after a 0.3% drop in April. The NAHB housing market index is expected to climb to 56 in June from 54 in May.

The euro traded lower against the U.S. dollar as the weekend's debt talks between Greece and its creditors were unsuccessful. An EU Commission official said that there are still big differences between the Greek reform plan and the demand of the creditors.

European Commission President Jean-Claude Juncker noted that a new debt deal could be reached until the end of the month.

The next round of talks is scheduled to at the finance ministers' meeting this Thursday in Luxembourg.

Germany' Bundesbank President Jens Weidmann said on Monday that time is running out for Greece to reach a new debt agreement with its creditors. He added that Athens should act quickly.

Meanwhile, Eurostat released its trade data for the Eurozone on Monday. Eurozone's unadjusted trade surplus rose to €24.9 billion in April from €22.9 billion in March. March's figure was revised down from a surplus of €23.4 billion.

Exports climbed by seasonally adjusted rate of 1.1%, while imports declined 1.6%.

The European Central Bank President Mario Draghi is scheduled to speak at 13:00 GMT.

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

Standard & Poor's downgraded its outlook on the U.K.'s credit rating to negative on Friday.

The Canadian dollar traded lower against the U.S. dollar ahead of the Canadian economic data. Canada's manufacturing shipments are expected to decrease 1.0% in April, after a 2.9% rise in April.

The Swiss franc traded lower against the U.S. dollar despite the mostly better-than-expected economic data from Switzerland. Switzerland's producer and import prices fell 0.8% in May, after a 2.1% drop in April.

On a yearly basis, producer and import prices plunged 6.0% in May, after a 5.2% drop in April.

The decline was driven by lower prices for chemical and pharmaceutical products. Prices for petroleum and petroleum products increased in May.

Retail sales in Switzerland rose at an annual rate of 1.6% in April, after a 2.4% decline in March. March's figure was revised up from a 2.8% drop.

Sales of food, beverages and tobacco fell at an annual rate of 0.4%, while non-food sales increased 3.9%.

On a monthly basis, retail sales excluding petrol prices climbed by 2.2% in April. Sales of food, beverages and tobacco were up 1.4%, while non-food sales rose 3.9%.

EUR/USD: the currency pair decreased to $1.1203

GBP/USD: the currency pair declined to $1.5486

USD/JPY: the currency pair rose to Y123.66

The most important news that are expected (GMT0):

12:30 Canada Manufacturing Shipments (MoM) April 2.9% -1.0%

12:30 U.S. NY Fed Empire State manufacturing index June 3.09 5.2

13:00 Eurozone ECB President Mario Draghi Speaks

13:15 U.S. Capacity Utilization May 78.2% 78.3%

13:15 U.S. Industrial Production (MoM) May -0.3% 0.3%

13:15 U.S. Industrial Production YoY May 1.9%

14:00 U.S. NAHB Housing Market Index June 54 56

20:00 U.S. Net Long-term TIC Flows April 17.6

21:55 Australia RBA Assist Gov Debelle Speaks