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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
09:00 Eurozone Current account, unadjusted, bln January 44.8 Revised From 41.4 6.3
11:00 United Kingdom CBI industrial order books balance March -17 -14 -14
11:00 Germany Bundesbank Monthly Report
The U.S. dollar traded mixed against the most major currencies ahead the release of the existing home sales data. The existing home sales in the U.S. are expected to fall to 5.31 million units in February from 5.47 million units in January.
The euro traded higher against the U.S. dollar after the release of the current account data from the Eurozone. The European Central Bank (ECB) released its current account on Monday. Eurozone's current account surplus declined to a seasonally adjusted €25.4 billion in January from €28.6 billion in December. December's figure was revised up from a surplus of €25.5 billion.
The trade surplus rose to €27.6 billion in January from €27.2 billion in December.
The surplus on services decreased to €3.6 billion in January from €4.9 billion in December.
Eurozone's unadjusted current account surplus dropped to €6.3 billion in January from €44.8 billion in December. December's figure was revised up from a surplus of €41.4 billion.
The British pound traded mixed against the U.S. dollar. The Confederation of British Industry (CBI) released its industrial order books balance on Monday. The CBI industrial order books balance rose to -14 in March from-17 in February, in line with expectations. The index reflected weakness in the food and drink sector. Export orders remained unchanged in March.
EUR/USD: the currency pair rose to $1.1284
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair increased to Y111.81
The most important news that are expected (GMT0):
14:00 U.S. Existing Home Sales February 5.47 5.31
15:00 Eurozone Consumer Confidence (Preliminary) March -9 -8.5
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