Economic calendar (GMT0):

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

02:00 Australia Conference Board Australia Leading Index May -0.3% 0.2%

The euro remained under pressure despite positive news from Athens. Yesterday EU finance ministers agreed to provide Greece with financial aid in the coming three years. The final decision will be made today. Improvements in political and financial situations boost demand for European stocks and undermine the single currency.

The Australian dollar little changed although the Conference Board released some favorable data. Australia leading index rose by 0.2% in May compared to -0.3% reported previously. Five out seven components of the index contributed in a positive way (sales to inventories ratio, rural goods exports, yield spread, building approvals, and gross operating surplus). Money supply and share prices declined in May.

EUR/USD: the pair climbed to $1.0900 in Asian trade

USD/JPY: the pair traded around Y124.10

GBP/USD: the pair advanced to $1.5635

The most important news that are expected (GMT0):

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

14:30 Canada Consumer Price Index m / m June 0.6% 0.2%

14:30 Canada Consumer price index, y/y June 0.9% 1.0%

14:30 Canada Bank of Canada Consumer Price Index Core, y/y June 2.2% 2.2%

14:30 Canada Bank of Canada Consumer Price Index Core, m/m June 0.4%

14:30 U.S. Housing Starts June 1036 1110

14:30 U.S. Building Permits June 1275 1150

14:30 U.S. CPI excluding food and energy, m/m June 0.1% 0.2%

14:30 U.S. CPI, m/m June 0.4% 0.3%

14:30 U.S. CPI, Y/Y June 0.0% 0.1%

14:30 U.S. CPI excluding food and energy, Y/Y June 1.7% 1.8%

16:00 U.S. Reuters/Michigan Consumer Sentiment Index (Preliminary) July 96.1 96.4

16:00 U.S. FED Vice Chairman Stanley Fischer Speaks