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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
06:00 Germany Producer Price Index (MoM) September -0.1% +0.1% 0.0%
06:00 Germany Producer Price Index (YoY) September -0.8% -1.0% -1.0%
08:00 Eurozone Current account, adjusted, bln August 21.6 Revised From 18.7 21.3 18.9
10:00 Germany Bundesbank Monthly Report
The U.S. dollar traded mixed to lower against the most major currencies. The greenback remained supported by Friday's U.S. economic data. The Reuters/Michigan consumer sentiment index rose to 86.4 in October from 84.6 in September, beating forecasts of a decline to 84.3.
Housing starts in the U.S. climbed 6.3% to 1.017 million annualized rate in September from a 957,000 pace in August, in line with expectations.
The euro traded slightly higher against the U.S. dollar. The European Central Bank has started buying covered bonds to stimulate the economy in the Eurozone.
German producer price index was flat in September, missing expectations for a 0.1% gain, after a 0.1% decline in August.
On a yearly basis, German producer price index fell 1.0% in September, in line with expectations, after a 0.8% drop in August.
Eurozone's current account surplus declined to 18.9 billion euros in August from a surplus of 21.6 billion euros in July, missing expectations for a current account surplus of 21.3 billion euros. July's figure was revised up from a surplus of EUR18.7 billion.
The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K.
The Canadian dollar traded slightly higher against the U.S. dollar ahead the Canadian wholesale sales. Wholesale sales in Canada are expected to climb 0.2% in August, after a 0.3% decline in July.
EUR/USD: the currency pair rose to 1.2789
GBP/USD: the currency pair increased to $1.6147
USD/JPY: the currency pair fell to Y106.80
The most important news that are expected (GMT0):
12:30 Canada Wholesale Sales, m/m August -0.3% +0.2%
21:45 New Zealand Visitor Arrivals September -3.0%
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