# Forex Major Currencies Outlook (Aug 13, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-13-2015/ Language: en Updated: 2015-08-13 Description: Explore Forex Major Currencies Outlook (Aug 13, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar lost ground to its major counterparts when traders quickly booked profits after the PBOC’s yuan devaluation announcements. Some analysts are speculating that this could weigh on Fed rate hike prospects if it results to a decline in exports from other nations, particularly those shipping raw materials to China. US retail sales data is up for release today and traders are expecting to see a 0.4% rebound in core consumer spending and a 0.6% increase in headline retail sales. Initial jobless claims and import prices data are also on today’s docket. **EUR** The euro continued to advance against most of its rivals, as all seemed well in Greece. Data from the euro zone was weaker than expected though, with the region’s industrial production and Italian trade balance both missing expectations. For today, the German and French final CPI readings are due, along with the ECB minutes. **GBP** The pound initially sold off after the release of the UK jobs data, as the average earnings index showed a sharper than expected decline from 3.2% to 2.4% versus the projected 2.8% reading. However, the pound managed to regain ground upon seeing better than expected claimant count change data, which indicated a 4.9K drop in joblessness. Apart from that, the previous reading was revised to show a smaller increase in claimants. There are no reports due from the UK today. **CHF** The franc regained a bit of ground to the dollar and the euro but was still in a weak spot. Swiss ZEW economic expectations showed a nice recovery from -5.4 to +5.9, indicating potential improvements down the line. Swiss PPI is due today and a 0.2% decline in producer prices is eyed. **JPY** The yen advanced against the dollar and most of its forex peers, as profit-taking took place and risk aversion set in during the Asian session. Data from Japan was better than expected, with the industrial production figure upgraded and the tertiary industry activity index printing a higher than expected 0.3% uptick. Earlier today, however, the core machinery orders report printed a worse than expected 7.9% tumble. **Commodity Currencies (AUD, NZD, CAD)** The comdolls managed to recoup their losses after the Chinese central bank’s yuan devaluations, as traders closed out their recent positions. Data from China was mostly weaker than expected, with industrial production, retail sales, and fixed asset investment falling short of expectations. In Australia, the MI inflation expectations index improved from 3.4% to 3.7%. New Zealand retail sales are up for release in the late US session or early Asian trading session. *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-aug-13-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-13-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-13-2015/", "headline": "Forex Major Currencies Outlook (Aug 13, 2015)", "inLanguage": "en", "datePublished": "2015-08-13T07:46:31+00:00", "dateModified": "2015-08-13T07:46:31+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Aug 13, 2015). USDThe US. 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