Foreign exchange market. European session: the euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone
Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
02:00 China Retail Sales y/y May 10.1% 10.1% 10.0%
02:00 China Fixed Asset Investment May 10.5% 10.5% 9.6%
02:00 China Industrial Production y/y May 6.0% 5.9% 6.0%
07:00 Eurozone ECB's Jens Weidmann Speaks
The U.S. dollar traded mixed against the most major currencies in the absence of any major economic report from the U.S.
The euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone.
The European Central Bank (ECB) Governing Council member Jens Weidmann said on Monday that there was no need for more stimulus measures, adding that the current stimulus measures needed more time to take effect.
"The current monetary environment requires no further easing," he said.
Weidmann noted that the ECB's quantitative easing was appropriate as inflation was low. But he pointed out that the risks and side effects of the stimulus measures would rise over time.
The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.
Uncertainty over Britain's membership in the European Union (EU) weighed on the currency pair. According to the ORB poll for The Independent on Friday, 55% of respondents would support Britain's exit from the EU, while 45% of respondents would vote for the campaign "Remain". ORB surveyed 2,000 people.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed