Foreign exchange market. Asian session: the Australian and New Zealand dollar traded higher against the U.S dollar, supported by yesterday’s weak U.S. economic data

Economic calendar (GMT0):

07:30 Switzerland SNB Quarterly Bulletin Quarter II

The U.S. dollar traded lower against the most major currencies due to yesterday's weaker-than-expected U.S. GDP. The U.S. GDP dropped 2.9% in the first quarter, missing expectations for a 1.7% decline, after a 1.0% decline the previous quarter. That was the worst performance in five years.

The New Zealand dollar traded higher against the U.S dollar in the absence of any major economic reports in New Zealand. The kiwi was supported by yesterday's weak U.S. economic data.

The Australian dollar traded higher against the U.S. dollar. The Aussie was supported by yesterday's weak U.S. economic data.

The number of job vacancies in Australia increased 2.5% in March-May, after a 2.8% gain in December-February.

The Japanese yen traded mixed against the U.S. dollar in the absence of any major economic reports in Japan.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

09:00 Eurozone EU Economic Summit

09:30 United Kingdom BOE Financial Stability Report

09:30 United Kingdom BOE Gov Mark Carney Speaks

12:30 U.S. Initial Jobless Claims June 312 314

12:30 U.S. Personal Income, m/m May +0.3% +0.5%

12:30 U.S. Personal spending June -0.1% +0.4%

12:30 U.S. PCE price index ex food, energy, m/m May +0.2% +0.2%

12:30 U.S. PCE price index ex food, energy, Y/Y May +1.4% +1.7%

22:45 New Zealand Trade Balance, mln May 534 250

23:05 United Kingdom Gfk Consumer Confidence June 0 2

23:30 Japan Unemployment Rate May 3.6% 3.6%

23:30 Japan Household spending Y/Y May -4.6% -1.9%

23:30 Japan Tokyo Consumer Price Index, y/y June +3.1%

23:30 Japan Tokyo CPI ex Fresh Food, y/y June +2.8% +2.8%

23:30 Japan National Consumer Price Index, y/y May +3.4%

23:30 Japan National CPI Ex-Fresh Food, y/y May +3.2% +3.4%

23:50 Japan Retail sales, y/y May -4.3% -1.9%