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Switzerland's economy is expected to grow less than previously estimated this year and next, as the economic prospects are hampered by a tense energy situation and sharp price increases, especially in Europe.

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Overall consumer prices in Japan were up 3.0 percent on year in August, the Ministry of Internal Affairs and Communications said on Tuesday.

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Fed Chair Powell may need to deploy an aggressive tone this week to help the US Dollar.

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Homebuilder confidence in the U.S. declined for the ninth consecutive month in September, according to a report released by the National Association of Home Builders on Monday. The report showed the NAHB/Wells Fargo Housing Market Index slid to 46 in September from 49 in August. Economists had expected the index to edge down to 48.

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A report released by the University of Michigan on Friday showed a modest improvement in U.S. consumer sentiment in the month of September. The University of Michigan said its consumer sentiment index inched up to 59.5 in September from 58.2 in August. Economists had expected the index to rise to 60.0.

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