# Forex Major Currencies Outlook (Apr 21, 2015)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-apr-21-2015/
Language: en
Updated: 2015-04-21
Description: Explore Forex Major Currencies Outlook (Apr 21, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The US dollar managed to recoup some of its recent losses as risk aversion extended its stay in the financial markets.



There have been no reports from the US economy then, leaving traders to focus on other news updates that affect overall sentiment. Rumors that Greece might be forced to default if their government is unable to get approval for their revised set of economic reforms kept risk-taking in check, lending more support for the safe-haven dollar. There are still no major reports due from the US today.



**EUR**



The euro resumed its slide as Greek debt concerns continued to dominate the headlines. The deadline is looming for Greece’s government officials to gain approval for their revised set of economic reforms, and it seems that their creditors are refusing to budge from their stance and consider forgoing a part of Greece’s debt. German ZEW economic sentiment data is due today and the index could climb from 54.8 to 55.6, which might help support the shared currency for a bit.



**GBP**



The pound continued to slump against its counterparts, as more and more traders started to price in dovish expectations for the BOE minutes. There have been no major reports released from the UK so far this week, although previous reports have surprised to the downside.



**CHF**



The franc gave up some of its recent gains to the dollar but continued its advance to its other forex rivals, as the lack of data from Switzerland kept the Swissy moving as a counter currency. There are still no top-tier reports due from the Swiss economy today, leaving the franc sensitive to risk flows.



**JPY**



The yen took advantage of the run in risk aversion in recent trading, as it advanced against its higher-yielding counterparts. Tertiary industry activity was stronger than expected in January with its 0.3% gain instead of the estimated 0.6% drop. There are no reports due from Japan today.



**Commodity Currencies (AUD, NZD, CAD)**



The comdolls gave back their recent wins when the risk-off environment took hold. In addition, RBA Governor Stevens’ remarks that further rate cuts are still possible weighed heavily on the Australian dollar. Later on, Canada is set to print its wholesale sales report and possibly show a 0.2% rebound. Stronger than expected data could keep the Loonie supported during the US session.



*By Kate Curtis from Trader’s Way*

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