00:30 Australia Gross Domestic Product (QoQ) (Q4) 0.7%

00:30 Australia Gross Domestic Product (YoY) (Q4) 2.7%

The dollar strengthened for a second day against the euro as Asian stocks declined after unrest in North Africa and the Middle East boosted oil prices, spurring concern the global recovery will falter.

The U.S. currency advanced as Libyan rebels braced for renewed clashes with forces loyal to leader Muammar Qaddafi and Al Arabiya television reported Iranian protesters clashed with security forces. 

New Zealand’s dollar fell toward the lowest this year after Prime Minister John Key said he expected a cut in the nation’s benchmark rate. 

The Dollar Index, which tracks the dollar against the currencies of six major U.S. trading partners such as the euro, rose 0.2 percent to 77.123 today.

EUR/USD: the pair decreased in around $1,3770.

GBP/USD: the pair bargained within the limits of $1,6250-$ 1,6330.

USD/JPY: the pair shown high above mark Y82,00 then decreased.

The main core-European release is industrial PPI for January, which is expected to rise by a reading of 1.1% m/m, 5.8% y/y. 

US data starts at 1200GMT with the weekly MBA Mortgage Application Index and is followed by Challenger Layoffs data at 1230GMT.Fed speakers start at 1300GMT when Kansas City Fed President Thomas Hoenig delivers a speech to the Council on Foreign Relations in New York. The ADP National Employment Report then follows, at 1315GMT. At 1500GMT, Federal Reserve Chairman Ben Bernanke is back, giving his semi-annual monetary policy report to the House Financial Services Committee in Washington.

Data then continues with the 1500GMT release of the latest  Help-wanted Online index and also the 1530GMT release of EIA Crude Oil Stocks data. Later on, the Fed releases it's latest Beige Book, at 1900GMT.