# Forex Major Currencies Outlook (Apr 15, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-15-2015/ Language: en Updated: 2015-04-15 Description: Explore Forex Major Currencies Outlook (Apr 15, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar suffered a sharp selloff in recent trading after the country’s retail sales figures came in short of expectations. Headline retail sales chalked up a 0.9% increase instead of the projected 1.1% gain while core retail sales saw only a 0.4% uptick versus the estimated 0.7% rise. PPI was also weaker than expected with only a 0.2% gain instead of the expected 0.3% increase while core PPI came in line with expectations of a 0.2% rise. US industrial production and capacity utilization numbers are up for release today, along with the Empire State manufacturing index. **EUR** The euro managed to recover against the dollar but was still in a weak spot compared to its other currency counterparts. Euro zone industrial production was stronger than expected at 1.1% versus the estimated 0.3% uptick, but it seems that traders are paring their bets ahead of today’s ECB rate statement. Governor Draghi might retain his upbeat tone and reiterate that green shoots are seen in the euro zone economy. **GBP** The pound had a volatile day, thanks to the inflation releases from the UK which mostly came in weaker than expected. Headline CPI held steady at a flat rate while core CPI tumbled from 1.2% to 1.0% in March. Other inflation indicators such as the PPI input, RPI, and HPI all came in weaker than expected, hinting at further downward pressure on consumer price levels. Only the CB leading index is lined up from the UK economy today. **CHF** The franc took advantage of dollar weakness and advanced to most of its forex rivals, despite the lack of data from Switzerland. There are still no major reports due from the Swiss economy today but the franc might take its cue from euro movements, as any major announcements from the ECB might also affect the Swissy’s direction. **JPY** The yen was able to benefit from the onset of risk aversion after China printed weaker than expected economic data in today’s Asian trading session. There have been no reports out of Japan recently while today only has the revised industrial production figure on tap. **Commodity Currencies (AUD, NZD, CAD)** The comdolls were badly hurt after China printed mostly weaker than expected data, particularly in retail sales and industrial production. The latter showed a mere 5.6% increase, far weaker compared to the estimated 6.9% gain, while the former showed a 10.2% rise versus projections of a 10.9% increase. The Chinese GDP came in line with expectations of a 7.0% expansion, its weakest pace of growth since 2009. In Australia, Westpac consumer sentiment showed a 3.2% decline, following the previous 1.2% drop. Later today, the BOC will make its policy statement while New Zealand will have its dairy auction. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-15-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-15-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-15-2015/", "headline": "Forex Major Currencies Outlook (Apr 15, 2015)", "inLanguage": "en", "datePublished": "2015-04-15T10:54:23+00:00", "dateModified": "2015-04-15T10:54:23+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Apr 15, 2015). USDThe US. 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