The US dollar fell to a minimum of three weeks against most major currencies. Weaker-than-expected US economic data, speak in favor of the fact that the Federal Reserve will probably not raise interest rates at the September meeting, which will end on Thursday.

The US Labor Department said that consumer prices declined slightly at the end of August recorded the first decline since January, which was largely caused by the collapse of the oil market.

According to the report, the consumer price index fell in August by 0.1%, following a similar increase in the previous month. It is worth emphasizing the growth of prices was observed in each of the previous six months. With the exception of volatile prices for food and energy, core index prices rose by 0.1%. Economists had expected the overall price index to remain unchanged in August, while the benchmark increased by 0.1%.

The wider picture shows that inflation remains historically low. Compared to August of last year, consumer prices rose 0.2%, while the core index rose by 1.8%. Experts forecast an increase of 0.2% and 1.9%, respectively.

A significant drop in oil prices caused by the glut in the market and weak demand, has had the greatest impact on overall inflation. Meanwhile, the slowdown in economic growth in Asia and weakness in Europe also contributed to the price of some goods.

The report also showed that energy prices fell by 2% last month, led by a decline in the cost of gasoline by 4.1%. Over the past year the price of energy fell by 15%, while the cost of gasoline has fallen by more than 23%.

Housing costs (rent and mortgage payments) rose by 0.2% in July and 3.1% per annum. Food prices rose 0.2% on the month and 1.6% per annum, while the cost of health care products increased by 0.3% compared with the previous month and by 3.4% per annum.

Investors took a wait on a background of heightened uncertainty over whether the Fed will start raising interest rates this Thursday for the first time in nearly ten years.

The increase in interest rates would boost the dollar, making it more attractive for investors looking for high-yield assets.

Fed Chairman Janet Yellen said that the rise in interest rates depends on the statistical data, but also noted that the bank plans to start lifting interest rates before the end of the year.

Previously, pressure on the euro has had a publication of weak data on inflation in the euro area. The statistical agency Eurostat reported that annual inflation in the eurozone was 0.1% in August against 0.2% in July and expectations at + 0.2%. Recall that in August 2014 the figure was 0.4%. The maximum rise in prices in the euro area (in annual terms) was seen in cafes and restaurants (+ 0.10%). Vegetables and tobacco went up by 0.09% and 0.08%, respectively, while the prices for transport fuels and heating oil fell by 0.55% and 0.25%, respectively. Meanwhile, the value of milk, cheese and eggs decreased to 0.07%. Among EU annual inflation was 0.0% compared with 0.2% in the previous month. In August 2015, negative growth was observed in eleven states. The largest decrease was recorded in Cyprus (-1.9%), Romania (-1.7%) and Lithuania (-1.0%). The highest growth rates were recorded in Malta (1.4%), Austria (0.9%) and Belgium (0.8%). Probably, the data reinforce talk that the ECB will be forced to extend the bond purchase program, which should be completed in September 2016.

The pound has appreciated significantly against the US dollar, offsetting with all the lost positions yesterday. Support for the currency was stronger than the data on the labor market in Britain. As it became known, the average earnings of British workers (excluding bonuses) increased significantly in the three months (to July), registering with the highest rates of more than six years. According to the data, the average weekly earnings (excluding bonuses) rose by 2.9 percent in the period from May to July, which followed an increase of 2.8 percent in the previous three months (to June). The latter increase was the largest since the beginning of 2009 and coincided with the expectations of experts. Taking into account bonuses, average earnings growth also accelerated to 2.9 percent against 2.6 percent in the three months to June (revised from +2.4 per cent). It was predicted that earnings will grow by 2.5 percent. The report also stated that the unemployment rate in the UK fell to 5.5 percent in the period from May to July, compared with 5.6 percent in the previous three months. It was predicted that the unemployment rate will remain unchanged. The number of people in employment rose by 42,000 in the three months to July, reaching 31.095 million. People, but the number of unemployed also increased - by 10,000 to 1.823 mln. People. Meanwhile, the number of applications for unemployment benefits rose 1,200 after falling in July 6800 (revised from -4.9 thousand.). It was expected that the number of appeals will fall by 5 thousand.

The yen depreciated significantly against the US dollar, reaching a minimum at the same time yesterday, which was caused by the news that the agency Standard & Poor's downgraded Japan's credit rating to A + from AA-. Commenting on the decision, analysts of the agency said that the support of the economy continued to weaken Japan's creditworthiness over the last three or four years. The Standard & Poor's also noted that the policy of Abe "was promising at first, but ultimately failed to revive economic growth and end deflation, and is now unlikely to be able to overcome the economic slowdown over the next 2-3 years

Pressure on the yen also had news that the Organization for Economic Cooperation and Development has revised downward the forecast of world economic growth over the next 2 years. Now it is expected that at the end of 2015 global GDP will rise 3% against the June assessment at the level of 3.1%, and in 2016 - 3.6% against the earlier forecast of + 3.8%. Meanwhile, the OECD revised its growth forecast for Japan's GDP in 2015 to 0.6% from 0.7%.

The European Central Bank (ECB) Governing Council member Ewald Nowotny said in an interview published online Tuesday that the low inflation is "a big problem for the ECB".

He pointed out that the central bank's had "a number of positive effects".

The National Association of Home Builders (NAHB) released its housing market index for the U.S. on Wednesday. The NAHB housing market index rose to 62 in September from 61 in August. Analysts had expected the index to remain unchanged at 61. It was the highest level since November 2005.

A level above 50.0 is considered positive, below indicates a negative outlook.

The increase was driven by a rise in two of three components of the index. The buyer traffic subindex rose two points to 47 in September, the current sales conditions subindex climbed one point to 67, while the subindex measuring sales expectations in the next six months declined to 68 from 70.

"Single-family housing is making solid progress. However, our members continue to tell us that they are concerned about the availability of lots and labour," the NAHB Chairman Tom Woods said.

"We expect housing to keep moving forward at a steady, modest rate through the end of the year," the NAHB Chief Economist David Crowe said.

EUR/USD: $1.1230(E391mn), $1.1450(E600mn)

USD/JPY: Y119.70/75($1.0bn), Y120.00($950mn)

USD/CAD: Cad1.3220($656mn), Cad1.3250($350mn)

USD/CHF: CHF0.9880(450mn)

GBP/USD: $1.5000(stg513mn), $1.5650(stg621mn)

EUR/GBP: stg0.7200(E604mn)

Ratings agency Standard & Poor's (S&P) downgraded Japan's credit rating to A+ from AA- to A+ on Wednesday. The outlook was upgraded to stable from negative.

It was the first downgrade by S&P since January 2011.

"Despite showing initial promise, we believe that the government's economic revival strategy - dubbed 'Abenomics'- will not be able to reverse this deterioration in the next two to three years. Economic support for Japan's sovereign creditworthiness has continued to weaken," the agency said.

The U.S. Labor Department released consumer price inflation data on Wednesday. The U.S. consumer price inflation fell 0.1% in August, missing expectations for a flat reading, after a 0.1% gain in July.

The decrease was partly driven by lower gasoline prices. Gasoline prices dropped 4.1% in August. It was the biggest decline since January.

Food prices increased 0.2% in August.

On a yearly basis, the U.S. consumer price index remained unchanged at 0.2% in August, in line with expectations.

The U.S. consumer price inflation excluding food and energy gained 0.1% in August, in line with expectations, after a 0.1% increase in July.

On a yearly basis, the U.S. consumer price index excluding food and energy remained unchanged at 1.8% in August, missing expectations for a rise to 1.9%.

The inflation remains low due to a weak wage growth and a stronger U.S. dollar.

These inflation data is no help to understand if the Fed starts raising its interest rates this month.

Statistics Canada released manufacturing shipments on Wednesday. Canadian manufacturing shipments rose 1.7% in July, beating forecasts of a 1.0% increase, after a 1.5% gain in June. June's figure was revised up from a 1.2% rise.

The rise was partly driven by higher sales of motor vehicle parts and motor vehicles. Sales of motor vehicle parts jumped 12.1% in July, while sales in the motor vehicle assembly industry increased 5.6%.

Inventories rose 1.1% in July.

Sales increased in 12 of 21 categories.

The European Central Bank (ECB) Vice President Vitor Constancio said in an interview with Reuters on Wednesday that there is a scope to extend the asset-buying programme as the volume of the ECB's quantitative easing is smaller than other asset-buying programmes.

"The total amount that we have purchased represents 5.3 percent of the GDP (gross domestic product) of the euro area, whereas what the Fed has done represents almost 25 percent of the U.S. GDP, what the Bank of Japan has done represents 64 percent of the Japanese GDP and what the U.K. has done 21 percent of the UK's GDP," he said.

Constancio pointed out that the Eurozone needs strong growth in the U.S. and China.

"We need a strong recovery in the U.S. China can still stabilise its situation and to keep growth above 6 percent is achievable in the short term," he said.

Economic calendar (GMT0):

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

00:30 Australia Leading Index August 0.0% -0.3%

08:30 United Kingdom Average Earnings, 3m/y July 2.6% Revised From 2.4% 2.5% 2.9%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y July 2.8% 2.9% 2.9%

08:30 United Kingdom ILO Unemployment Rate July 5.6% 5.6% 5.5%

08:30 United Kingdom Claimant count August -6.8 Revised From -4.9 -5 1.2

09:00 Eurozone Harmonized CPI August -0.6% 0% 0.0%

09:00 Eurozone Harmonized CPI, Y/Y (Finally) August 0.2% 0.2% 0.1%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) August 1% 1% 0.9%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) September 5.9 9.7

11:00 U.S. MBA Mortgage Applications September -6.2% -7%

The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. The U.S. consumer price inflation is expected to remain unchanged at 0.2% year-on-year in August.

The U.S. consumer price index excluding food and energy is expected to rise to 1.9% year-on-year in August from 1.8% in July.

The NAHB housing market index is expected to remain unchanged at 61 in September.

The euro traded lower against the U.S. dollar after the weak economic data from the Eurozone. Eurostat released its final consumer price inflation data for the Eurozone on Friday. Eurozone's final harmonized consumer price index was flat in August, in line with the preliminary reading, after a 0.6% drop in July.

On a yearly basis, Eurozone's final consumer price inflation fell to 0.1% in August from 0.2% in July, missing the previous estimate of a 0.2% increase.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco declined to an annual rate of 0.9% in August from 1.0% in July, missing the previous estimate of 1.0% rise.

The British pound traded higher against the U.S. dollar after the mostly better-than-expected U.K. labour market data. The Office for National Statistics (ONS) released its labour market data on Wednesday. The U.K. unemployment rate fell to 5.5% in the May to July quarter from 5.6% in the April to June quarter. It was the lowest reading since 2008.

Analysts had expected the unemployment rate to remain unchanged at 5.6%.

The claimant count rose by 1,200 people in August, missing expectations for a decline by 5,000, after a decrease of 6,800 people in July. July's figure was revised up from a fall of 4,900.

U.K. unemployment in the May to July period rose by 10,000 to 1.82 million from the previous quarter.

Average weekly earnings, excluding bonuses, climbed by 2.9% in the May to July quarter, in line with expectations, after a 2.8% gain in the February to April quarter. It was the highest gain since early 2009.

Average weekly earnings, including bonuses, rose by 2.9% in the May to July quarter, exceeding expectations for a gain of 2.5%, after a 2.6% increase in the February to April quarter. The previous three months' figure was revised up from a 2.4% increase.

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

The Canadian dollar traded lower against the U.S. dollar ahead of the release of Canadian economic data. Canada's manufacturing shipments are expected to increase 1.0% in July, after a 1.2% gain in June.

The Swiss franc traded lower against the U.S. dollar. A survey by the ZEW Institute and Credit Suisse Group showed on Wednesday that Switzerland's economic sentiment index climbed to 9.7 points in September from 5.9 points in August. It was the highest reading since March 2014.

"Experts remain cautious, however, in regard to the economic trend in Switzerland. Slightly more than one third of respondents expect the situation to improve, one quarter forecast deterioration and the remaining respondents do not expect any change in the Swiss economic situation," the ZEW said.

The current conditions rose by 7.9 points to -9.7 points in September from -17.6 points in August.

EUR/USD: the currency pair declined to $1.1213

GBP/USD: the currency pair rose to $1.5443

USD/JPY: the currency pair increased to Y120.62

The most important news that are expected (GMT0):

12:30 Canada Manufacturing Shipments (MoM) July 1.2% 1%

12:30 U.S. CPI, m/m August 0.1% 0.0%

12:30 U.S. CPI, Y/Y August 0.2% 0.2%

12:30 U.S. CPI excluding food and energy, m/m August 0.1% 0.1%

12:30 U.S. CPI excluding food and energy, Y/Y August 1.8% 1.9%

14:00 U.S. NAHB Housing Market Index September 61 61

20:00 U.S. Net Long-term TIC Flows July 103.1

22:45 New Zealand GDP q/q Quarter II 0.2% 0.5%

22:45 New Zealand GDP y/y Quarter II 2.6% 2.5%

23:50 Japan Trade Balance Total, bln August -268.1 -541.3

EUR/USD

Offers 1.1285 1.1300 1.1330-35 1.1355-601.1375 1.1390-1.1400 1.1420

Bids 1.1225 1.1200 1.1185 1.1165 1.1150

GBP/USD

Offers 1.5425-30 1.5450 1.5480 1.5500-10 1.5530

Bids 1.5320 1.5300 1.5285 1.5260 1.5230 1.5200

EUR/GBP

Offers 0.7355-60 0.7380-85 0.7400 0.7425 0.7450

Bids 0.7325 0.7295-0.7300 0.7280-85 0.7260-65 0.7250 0.7230 0.7200

EUR/JPY

Offers 135.80 136.00 136.30136.60 136.80 137.00 137.50

Bids 135.25 135.00 134.80-85 134.65 134.50 134.30 134.00

USD/JPY

Offers 120.50 120.65 120.80 121.00 121.25 121.50 121.80 122.00

Bids 120.00-10 119.85 119.65 119.50 119.30 119.00 118.85 118.50

AUD/USD

Offers 0.7185 0.7200 0.7225 0.7250 0.7265 0.7280 0.7300

Bids 0.7150 0.7125-30 0.7100 0.7085 0.7065 0.7045-50 0.7020 0.7000

The Organization for Economic Cooperation and Development (OECD) released its growth forecast on Wednesday. The OECD downgraded its global growth outlook. The downgrade was largely driven by a slowdown in emerging market economies.

Global GDP is estimated to grow 3.0% in 2015 and 3.6% in 2016, down from 3.1% and from 3.8%.

"Global growth prospects have weakened slightly and the outlook is clouded by important uncertainties. Emerging economies have vulnerabilities that could be exposed by rising US interest rates and/or a sharper-than-expected slowdown in China, giving rise to financial and economic turbulence that could also exert a significant drag on advanced economies," OECD Chief Economist Catherine Mann said.

The OECD expect the U.S. will grow at 2.4% in 2015, up from the previous estimate of 2.0%, and at 2.6% in 2016, down from the previous estimate of 2.8%. The OECD said that the Fed will soon start to hike its interest rates, adding that the pace of the interest rate hike is more important than the timing.

Japan's economy is expected to grow at 0.6% in 2015 and at 1.2% in 2016, down from June estimate of 0.7% for 2015 and down 1.4% for 2016.

Eurozone's forecasts were upgraded to 1.6% in 2015 from the previous estimate of 1.4% and downgraded to 1.9% in 2016 from the previous estimate of 2.1%. OECD chief economist noted that the pace of recovery in the Eurozone was disappointing.

China is expected to expand at 6.7% in 2015, down from 6.8% estimate in June. Growth forecast for 2016 remained unchanged at 6.5%.

Mann pointed out that advanced and emerging countries should implement structural reforms "to encourage investment and reverse the slowdown in the growth potential output".

Eurostat released its labour costs data for the Eurozone on Wednesday. Hourly labour costs in the Eurozone rose at an annual rate of 1.6% in the second quarter, after a 1.9% gain in the previous quarter.

Wages and salaries per hour climbed 1.9% year-on-year in the second quarter, while non-wage costs gained 0.4%.

In the second quarter of 2015, hourly labour costs increased 2.0% year-on-year in industry, 1.1% in construction, 1.5% in services, while 1.4% in the mainly non-business economy.

A survey by the ZEW Institute and Credit Suisse Group showed on Wednesday that Switzerland's economic sentiment index climbed to 9.7 points in September from 5.9 points in August. It was the highest reading since March 2014.

"Experts remain cautious, however, in regard to the economic trend in Switzerland. Slightly more than one third of respondents expect the situation to improve, one quarter forecast deterioration and the remaining respondents do not expect any change in the Swiss economic situation," the ZEW said.

The current conditions rose by 7.9 points to -9.7 points in September from -17.6 points in August.

Eurostat released its final consumer price inflation data for the Eurozone on Friday. Eurozone's final harmonized consumer price index was flat in August, in line with the preliminary reading, after a 0.6% drop in July.

On a yearly basis, Eurozone's final consumer price inflation fell to 0.1% in August from 0.2% in July, missing the previous estimate of a 0.2% increase.

Restaurants and cafés prices were up 0.10% year-on-year in August, vegetables prices rose by 0.09%, tobacco prices gained 0.08%, fuel prices for transport declined by 0.55%, heating oil prices decreased by 0.25%, while milk, cheese and eggs prices were down by 0.07%.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco declined to an annual rate of 0.9% in August from 1.0% in July, missing the previous estimate of 1.0% rise.

The Office for National Statistics (ONS) released its labour market data on Wednesday. The U.K. unemployment rate fell to 5.5% in the May to July quarter from 5.6% in the April to June quarter. It was the lowest reading since 2008.

Analysts had expected the unemployment rate to remain unchanged at 5.6%.

The claimant count rose by 1,200 people in August, missing expectations for a decline by 5,000, after a decrease of 6,800 people in July. July's figure was revised up from a fall of 4,900.

U.K. unemployment in the May to July period rose by 10,000 to 1.82 million from the previous quarter.

Average weekly earnings, excluding bonuses, climbed by 2.9% in the May to July quarter, in line with expectations, after a 2.8% gain in the February to April quarter. It was the highest gain since early 2009.

Average weekly earnings, including bonuses, rose by 2.9% in the May to July quarter, exceeding expectations for a gain of 2.5%, after a 2.6% increase in the February to April quarter. The previous three months' figure was revised up from a 2.4% increase.

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

European Central Bank (ECB) Governing Council member Jens Weidmann said in an interview published Wednesday in German newspaper Sueddeutsche Zeitung that a loose monetary policy cannot support sustained growth and could lead to risks over time.

"All the cheap money cannot ignite sustained growth and builds bigger risks over time, for example for financial stability," he said.

House Republicans plan to vote on a bill that would lift the ban on crude oil exports. The vote is being scheduled for the last week of September.

The White House does not want to back lifting the ban. White House press secretary Josh Earnest noted the Commerce Department should decide on the ban.

The European Central Bank (ECB) Governing Council member Ewald Nowotny said in an interview on Tuesday that the central bank's asset-buying programme might be extended. He did not mentioned any details.

The ECB's asset-buying programme should run until September 2016. The central bank is buying €60 billion per month in assets.

EUR / USD

Resistance levels (open interest**, contracts)

$1.1458 (3278)

$1.1407 (1243)

$1.1353 (652)

Price at time of writing this review: $1.1282

Support levels (open interest**, contracts):

$1.1219 (441)

$1.1182 (948)

$1.1133 (2213)

Comments:

- Overall open interest on the CALL options with the expiration date October, 9 is 49237 contracts, with the maximum number of contracts with strike price $1,1600 (4696);

- Overall open interest on the PUT options with the expiration date October, 9 is 64922 contracts, with the maximum number of contracts with strike price $1,1000 (5545);

- The ratio of PUT/CALL was 1.32 versus 1.31 from the previous trading day according to data from September, 15

GBP/USD

Resistance levels (open interest**, contracts)

$1.5603 (1308)

$1.5506 (1688)

$1.5409 (668)

Price at time of writing this review: $1.5343

Support levels (open interest**, contracts):

$1.5289 (1109)

$1.5192 (2741)

$1.5095 (1611)

Comments:

- Overall open interest on the CALL options with the expiration date October, 9 is 20840 contracts, with the maximum number of contracts with strike price $1,5500 (1688);

- Overall open interest on the PUT options with the expiration date October, 9 is 20660 contracts, with the maximum number of contracts with strike price $1,5200 (2741);

- The ratio of PUT/CALL was 0.99 versus 0.98 from the previous trading day according to data from September, 15

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

Economic calendar (GMT0):

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

00:30 Australia Leading Index August 0.0% -0.3%

The yen advanced against the U.S. dollar. Investors are cautious now ahead of the Federal Reserve's decision, which will be announced on Thursday.

A survey by the Wall Street Journal showed that approximately 46% of the economists surveyed last week expect the Fed to raise rates in September. 35% of economists said the Fed would raise rates in December and 9.5% said they expect a liftoff in 2016. At the same time Barclays surveyed 700 investors last week and only 36% of the respondents believe that the central bank of the U.S. will raise rates in September.

The euro climbed slightly against the greenback, but it's likely to be range-bound ahead of Fed's decision. Market participants are also waiting for U.S. August inflation data, which will be released later today. If the data exceed forecasts investors might get more cautious.

The Australian dollar declined slightly amid leading index data from Westpac. Australia's leading economic index fell to -0.3% in August from 0 in July. Nevertheless the AUD managed to rebound amid gains in Asian stocks.

EUR/USD: the pair rose to $1.1300 in Asian trade

USD/JPY: the pair fell to Y120.15

GBP/USD: the pair traded within $1.5335-55

The most important news that are expected (GMT0):

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

08:30 United Kingdom Average Earnings, 3m/y July 2.4% 2.5%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y July 2.8% 2.9%

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

08:30 United Kingdom Claimant count August -4.9 -5

09:00 Eurozone Harmonized CPI August -0.6% 0%

09:00 Eurozone Harmonized CPI, Y/Y (Finally) August 0.2% 0.2%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) August 1% 1%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) September 5.9

11:00 U.S. MBA Mortgage Applications September -6.2%

12:30 Canada Manufacturing Shipments (MoM) July 1.2% 1%

12:30 U.S. CPI, m/m August 0.1% 0.0%

12:30 U.S. CPI, Y/Y August 0.2% 0.2%

12:30 U.S. CPI excluding food and energy, m/m August 0.1% 0.1%

12:30 U.S. CPI excluding food and energy, Y/Y August 1.8% 1.9%

14:00 U.S. NAHB Housing Market Index September 61 61

14:30 U.S. Crude Oil Inventories September 2.570 0

20:00 U.S. Total Net TIC Flows July -110.3

20:00 U.S. Net Long-term TIC Flows July 103.1

22:45 New Zealand GDP q/q Quarter II 0.2% 0.5%

22:45 New Zealand GDP y/y Quarter II 2.6% 2.5%

23:50 Japan Trade Balance Total, bln August -268.1 -541.3

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1264 -0,46%

GBP/USD $1,5339 -0,56%

USD/CHF Chf0,9737 +0,60%

USD/JPY Y120,40 +0,15%

EUR/JPY Y135,63 -0,30%

GBP/JPY Y184,68 -0,41%

AUD/USD $0,7134 -0,13%

NZD/USD $0,6350 +0,39%

USD/CAD C$1,3251 -0,05%

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

00:30 Australia Leading Index August 0.0%

08:30 United Kingdom Average Earnings, 3m/y July 2.4% 2.5%

08:30 United Kingdom Average earnings ex bonuses, 3 m/y July 2.8% 2.9%

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

08:30 United Kingdom Claimant count August -4.9 -5

09:00 Eurozone Harmonized CPI August -0.6% 0%

09:00 Eurozone Harmonized CPI, Y/Y (Finally) August 0.2% 0.2%

09:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Finally) August 1% 1%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) September 5.9

11:00 U.S. MBA Mortgage Applications September -6.2%

12:30 Canada Manufacturing Shipments (MoM) July 1.2% 1%

12:30 U.S. CPI, m/m August 0.1% 0.0%

12:30 U.S. CPI, Y/Y August 0.2% 0.2%

12:30 U.S. CPI excluding food and energy, m/m August 0.1% 0.1%

12:30 U.S. CPI excluding food and energy, Y/Y August 1.8% 1.9%

14:00 U.S. NAHB Housing Market Index September 61 61

14:30 U.S. Crude Oil Inventories September 2.570

20:00 U.S. Total Net TIC Flows July -110.3

20:00 U.S. Net Long-term TIC Flows July 103.1

22:45 New Zealand GDP q/q Quarter II 0.2% 0.5%

22:45 New Zealand GDP y/y Quarter II 2.6% 2.5%

23:50 Japan Trade Balance Total, bln August -268.1 -541.3