Economic calendar (GMT0):

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

00:30 Australia Westpac Consumer Confidence August -3.2% 7.8%

01:30 Australia Wage Price Index, y/y Quarter II 2.3% 2.3% 2.3%

01:30 Australia Wage Price Index, q/q Quarter II 0.5% 0.6% 0.6%

04:30 Japan Industrial Production (YoY) (Finally) June -3.9% 2.0% 2.3%

04:30 Japan Industrial Production (MoM) (Finally) June -2.1% 0.8% 0.8%

05:30 China Industrial Production y/y July 6.8% 6.6% 6.0%

05:30 China Retail Sales y/y July 10.6% 10.6% 10.5%

05:30 China Fixed Asset Investment June 11.4% 11.5% 11.2%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y June 2.8% 2.8% 2.8%

08:30 United Kingdom Average Earnings, 3m/y June 3.2% 2.8% 2.4%

08:30 United Kingdom ILO Unemployment Rate June 5.6% 5.6% 5.6%

08:30 United Kingdom Claimant count July 0.2 Revised From 7 1.5 -4.9

09:00 Eurozone Industrial production, (MoM) June -0.4% -0.2% -0.4%

09:00 Eurozone Industrial Production (YoY) June 1.6% 1.5% 1.2%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) August -5.4 5.9

10:00 Australia RBA Assist Gov Lowe Speaks

11:00 U.S. MBA Mortgage Applications August 4.7% 0.1%

The U.S. dollar traded lower against the most major currencies on the further yuan devaluation. China's central bank set Wednesday's daily fixing at 6.3306 per U.S. dollar, down from 6.3231 on Tuesday.

The central bank said on Tuesday that it was a "one-off depreciation".

"Looking at the international and domestic economic situation, currently there is no basis for a sustained depreciation trend for the yuan," the central bank said on Wednesday.

A weaker yuan should help to boost the activity in the manufacturing sector and exports, which dropped 8.3% year-on-year in July.

Job openings in the U.S. are expected to decline to 5.3 million in June from 5.363 million in May.

The euro traded higher against the U.S. dollar despite the weaker-than-expected economic data from the Eurozone. Industrial production in the Eurozone fell 0.4% in June, missing expectations for a 0.2% decline, after a 0.4% drop in May.

The decrease was driven by a drop in durable consumer goods and capital output. Durable consumer goods were down 2.0% in June, while capital goods output slid by 1.8%.

On a yearly basis, Eurozone's industrial production gained 1.2% in June, missing expectations for a 1.5% rise, after a 1.6% increase in May.

The increase was driven by a rise in non-durable consumer goods, capital goods and intermediate goods. Non-durable consumer goods climbed by 2.2% in June from a year ago, capital goods rose by 1.7%, while intermediate goods output gained by 0.2%.

The British pound traded higher against the U.S. dollar after the mixed U.K. labour market data. The U.K. unemployment rate remained unchanged at 5.6% in the April to June quarter, in line with expectations.

The claimant count fell by 4,900 people in July, beating expectations for a rise by 1,500, after an increase of 200 people in June. June's figure was revised down from a rise of 7,000.

U.K. unemployment in the April to June period rose by 25,000 to 1.85 million from the previous quarter.

Average weekly earnings, excluding bonuses, climbed by 2.8% in the April to June quarter, in line with expectations, after a 2.8% gain in the January to March quarter. It was the highest gain in more than six years.

The previous three months' figure was revised up from a 2.2% increase.

Average weekly earnings, including bonuses, rose by 2.4% in the April to June quarter, missing expectations for a gain of 2.8%, after a 3.2% increase in the January to March quarter.

The Bank of England monitors closely the wages growth it considers when to start hiking its interest rate.

The yen traded higher against the U.S. dollar on the higher demand in the safe-haven currency.

EUR/USD: the currency pair climbed to $1.1158

GBP/USD: the currency pair increased to $1.5611

USD/JPY: the currency pair fell to Y124.05

The most important news that are expected (GMT0):

2:30 U.S. FOMC Member Dudley Speak

14:00 U.S. JOLTs Job Openings June 5.363 5.3

22:30 New Zealand Business NZ PMI July 55.2

23:50 Japan Core Machinery Orders June 0.6% -5.6%

23:50 Japan Core Machinery Orders, y/y June 19.3% 16.4%