Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
07:00 Switzerland KOF Leading Indicator March 90.3 Revised From 90.1 89.1 90.8
08:30 United Kingdom Mortgage Approvals February 61 62 61
08:30 United Kingdom Net Lending to Individuals, bln February 2.4 2.5 2.5
09:00 Eurozone Business climate indicator March 0.07 0.18 0.23
09:00 Eurozone Economic sentiment index March 102.1 103.1 103.9
09:00 Eurozone Industrial confidence March -4.7 -4.0 -2.9
The U.S. dollar traded higher against the most major currencies ahead of the U.S. economic data. Personal income in the U.S. is expected to rise 0.3% in February, after a 0.4% gain in January.
Personal spending in the U.S. is expected to gain 0.3% in February, after a 0.2% increase in January.
The personal consumption expenditures (PCE) price index excluding food and energy is expected to increase 0.1% in February.
Pending home sales in the U.S. are expected to climb 0.5% in February, after a 1.7% increase in January.
The greenback was supported by Friday's comments by Federal Reserve Chairwomen Janet Yellen. She said on Friday that the Fed is considering to raise its interest rate "later this year" even though this may slow the U.S. economy. The interest rate hike will be depend on the economic data, Yellen noted.
The euro traded lower against the U.S. dollar as concerns over Greece's debt problems weighed on the euro. The Greek government is expected to submit its new reform programme.
The British pound traded lower against the U.S. dollar after the mixed economic data from the U.K. Net lending to individuals in the U.K. increased by £2.5 billion in February, in line with expectations, after a £2.4 billion gain in January.
The number of mortgages approvals in the U.K. rose to 60,760 in February from 60,707 in January, missing expectations for an increase to 62,000. It was the highest level since August 2014.
The Canadian dollar traded lower against the U.S. dollar ahead of Canadian raw materials purchase price index. Canada's raw materials purchase price index is expected to rise 5.1% in February, after a 7.7% drop in January.
The Swiss franc traded lower against the U.S. dollar despite the better-than-expected KOF leading indicator. The KOF leading indicator increased to 90.8 in March from 90.3 in February, beating expectations for a decrease to 89.1. February's figure was revised up from 90.1.
EUR/USD: the currency pair fell to $1.0819
GBP/USD: the currency pair decreased to $1.4775
USD/JPY: the currency pair rose to Y119.92
The most important news that are expected (GMT0):
12:00 Germany CPI, m/m (Preliminary) March 0.9% 0.4%
12:00 Germany CPI, y/y (Preliminary) March 0.1% 0.3%
12:30 Canada Raw Material Price Index February -7.7% 5.1%
12:30 U.S. Personal Income, m/m February 0.3% 0.3%
12:30 U.S. Personal spending February -0.2% 0.3%
12:30 U.S. PCE price index ex food, energy, m/m February 0.1% 0.1%
12:30 U.S. PCE price index ex food, energy, Y/Y February 1.3%
14:00 U.S. Pending Home Sales (MoM) February 1.7% 0.5%
21:45 New Zealand Building Permits, m/m February -3.8%
23:15 U.S. FED Vice Chairman Stanley Fischer Speaks