Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:00 Australia Conference Board Australia Leading Index July +0.2% +0.5%
01:30 Australia RBA Financial Stability Review
01:35 Japan Manufacturing PMI (Preliminary) September 52.2 52.5 51.7
06:00 Switzerland UBS Consumption Indicator August 1.66 1.35
08:00 Germany IFO - Business Climate September 106.3 105.9 104.7
08:00 Germany IFO - Current Assessment September 111.1 110.6 110.5
08:00 Germany IFO - Expectations September 101.7 101.3 99.3
The U.S. dollar traded mixed to lower against the most major currencies. The greenback remained supported by yesterday's U.S. manufacturing purchasing managers' index. The preliminary U.S. manufacturing purchasing managers' index remained unchanged at 57.9 in September, missing expectations for an increase to 58.1.
The New Zealand dollar rose against the U.S. dollar after the better-than-expected trade data. New Zealand's trade deficit fell to NZ$472 million in August from a deficit of NZ$692 million in July, beating forecasts for an increase to NZ$1,125 million in August.
Fonterra Cooperative Group lowered its forecast payout to farmers. The company cut the 2015 forecast payout to $5.30 per kilogram of milk solids from $6/kgMS.
The Australian dollar rose against the U.S. dollar due to solid leading index from Australia. The Conference Board released its leading index for Australia. The index increase 0.5% in July, after a 0.2% gain in June. June's figure revised down from a 0.4% rise.
The Japanese yen traded higher against the U.S. dollar after comments by Japanese Prime Minister Shinzo Abe. Abe said he would carefully watch the impact of yen weakness on Japanese regional economies.
Japan's preliminary purchasing managers' index declined to 51.7 in September from 52.2 in August, missing expectations for an increase to 52.5.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair increased to $1.6412
USD/JPY: the currency pair fell to Y108.45
The most important news that are expected (GMT0):
13:00 Belgium Business Climate September -7.3 -7.1
14:00 U.S. New Home Sales August 412 432
16:05 U.S. FOMC Member Narayana Kocherlakota