Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:01 United Kingdom Rightmove House Price Index (MoM) February 1.4% 2.1%
00:01 United Kingdom Rightmove House Price Index (YoY) February 8.2% 6.6%
00:30 Australia New Motor Vehicle Sales (MoM) January 3.0% -1.5%
00:30 Australia New Motor Vehicle Sales (YoY) January -1.0% 0.2%
02:00 China New Loans January 697 1355 1470
04:30 Japan Industrial Production (MoM) (Finally) December 1.0% 1.0% 0.8%
04:30 Japan Industrial Production (YoY) (Finally) December 0.3% 0.3% 1.0%
10:00 Eurozone Trade balance unadjusted December 21.2 Revised From 20.0 21.3 24.3
10:00 Eurozone Eurogroup Meetings
11:00 Germany Bundesbank Monthly Report
13:00 U.S. Bank holiday
The U.S. dollar traded mixed against the most major currencies in the absence of any major economic reports from the U.S. Markets in the U.S. are closed for the Presidents' Day Holiday.
The greenback remained under pressure after Friday's the weaker-than-expected Thomson Reuters/University of Michigan preliminary consumer sentiment index. The index declined to 93.6 in February from a final reading of 98.1 in January, missing expectations for an increase to 98.2.
The euro traded mixed against the U.S. dollar after the better-than-expected trade data from the Eurozone. Eurozone's trade surplus increased to €24.3 billion in December from €21.2 billion in November, exceeding expectations for a rise to €21.3 billion. November's figure was revised up from a surplus of €20.0 billion.
The increase was driven by lower imports.
Exports climbed by 1.0% in December, while imports fell 2.0%.
Exports were boosted by a weaker euro and lower oil prices.
Investors remained cautious due to new debt deal talks between the European Union and Greece.
The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair decreased to $1.5370
USD/JPY: the currency pair traded mixed