Economic calendar (GMT0):

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

01:30 Australia New Motor Vehicle Sales (YoY) March 2.3% 4.2%

01:30 Australia New Motor Vehicle Sales (MoM) March -0.1% 2.2%

10:00 Germany Bundesbank Monthly Report

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The NAHB housing market index is expected to rise 59 in April from 58 in March.

The euro traded higher against the U.S. dollar in the absence of any major economic data from the Eurozone.

The Bundesbank released its monthly report on Monday. The central bank said that Germany's economy expanded strongly in the first quarter, driven by domestic demand.

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

According to property tracking website Rightmove, U.K. house prices rose 1.3% in April, after a 1.3% increase in March.

"The onset of spring is traditionally when the housing market swings into full-on action, and while the early Easter this year could be credited with its very active current state, the housing market actually received a much earlier kick-start at the end of November," Rightmove director and housing market analyst, Miles Shipside, said.

"Chains need a buyer at the bottom to enable everyone to move, and that was boosted by investors looking to avoid the 3% levy introduced on April 1st," he added.

The Canadian dollar traded higher against the U.S. dollar ahead of the release of the economic data from Canada.

EUR/USD: the currency pair rose to $1.1313

GBP/USD: the currency pair increased to $1.4202

USD/JPY: the currency pair climbed to Y108.50

The most important news that are expected (GMT0):

12:30 Canada Foreign Securities Purchases February 13.51

12:30 U.S. FOMC Member Dudley Speak

14:00 U.S. NAHB Housing Market Index April 58 59

14:00 U.S. Leading Indicators March 0.1%