Economic calendar (GMT0):

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

01:35 Japan Manufacturing PMI (Preliminary) November 52.4 52.1 52.8

The U.S. dollar climbed slightly against the euro and the pound amid expectations for a Federal Reserve's interest rate hike. The probability of a liftoff in rates keeps growing. That's why market participants are paying much attention to what Fed officials say and to data on the U.S. economy. Yesterday Federal Reserve Chair Janet Yellen wrote to consumer advocate Ralf Nader that she expects further improvements in the labor market and inflation. This makes many economists sure the Fed will raise rates next month. Today market participants are waiting for revised U.S. GDP data.

The yen rose against the greenback amid profit taking ahead of Thanksgiving Day. Today's preliminary PMI data supported the yen as well. November Manufacturing PMI came in at 52.8 versus 52.1 expected and 52.4 reported previously marking the twentieth month of growth.

IFO data on German economy are due later today. The business climate index is expected to stay at 108.2 this month. A reading above 100 indicates growing optimism among business owners.

EUR/USD: the pair fluctuated within $1.0620-45 in Asian trade

USD/JPY: the pair fell to Y122.65

GBP/USD: the pair rose to $1.5140

The most important news that are expected (GMT0):

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

07:00 Germany GDP (QoQ) (Finally) Quarter III 0.4% 0.3%

07:00 Germany GDP (YoY) (Finally) Quarter III 1.6% 1.8%

09:00 Germany IFO - Business Climate November 108.2 108.2

09:00 Germany IFO - Expectations November 103.8 104

09:00 Germany IFO - Current Assessment November 112.6 112.4

09:05 Australia RBA's Governor Glenn Stevens Speech

11:00 United Kingdom CBI retail sales volume balance November 19 25

13:30 U.S. PCE price index ex food, energy, q/q (Revised) Quarter III 1.9% 1.3%

13:30 U.S. GDP, q/q (Revised) Quarter III 3.9% 2.0%

14:00 Belgium Business Climate November -4 -4

14:00 U.S. S&P/Case-Shiller Home Price Indices, y/y September 5.1% 5.2%

15:00 U.S. Richmond Fed Manufacturing Index November -1 0

15:00 U.S. Consumer confidence November 97.6 99.5

23:50 Japan Monetary Policy Meeting Minutes