# Forex Major Currencies Outlook (Aug 25, 2015)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-25-2015/
Language: en
Updated: 2015-08-25
Description: Explore Forex Major Currencies Outlook (Aug 25, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The US dollar had a mixed performance in recent trading, as it suffered a sharp selloff then rebounded later on.



It was able to advance against the commodity currencies but paled in comparison to the yen and European currencies. There have been no major reports out of the US yesterday but it looks like the global equity meltdown might be enough to force the Fed to delay their liftoff to December or even next year. US CB consumer confidence, flash services PMI, and new home sales data are up for release today.



**EUR**



The euro was able to score gains against most of its forex rivals, although it gave up some ground to the lower-yielding dollar and yen. There have been no reports out of the euro zone yesterday, but it looks like the end of the Greek debt drama has allowed the shared currency to rally. German Ifo business climate numbers are up for release today and analysts are expecting the index to dip from 108.0 to 107.6.



**GBP**



The pound managed to hold steady against the dollar and advance against the comdolls but was no match to yen and euro strength. There have been no reports released from the UK yesterday, leaving the pound to draw support from the relatively hawkish BOE stance and improved UK fundamentals. There are still no reports lined up from the UK today.



**CHF**



The franc was able to outpace the dollar and the commodity currencies, despite the lack of data from Switzerland. It seems that the threat of SNB intervention is still keeping the Swissy’s gains limited but it has taken advantage of the risk-off market environment. Swiss employment level data is due today and a climb from 4.23M to 4.24M is eyed, which might mean more gains for the franc.



**JPY**



The yen continued to rally against its forex rivals in recent trading sessions, thanks to the risk-off environment and sharp selloff in Asian equities. There have been no reports released from Japan yesterday and none are due today, suggesting that the yen could keep reacting to market sentiment.



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



The comdolls were still the weakest of the bunch, as the stock market selloff dampened demand for commodities and higher-yielding currencies. There were no reports out of Australia, New Zealand, and Canada yesterday while today has the Australian and Chinese CB leading index. The former showed a 0.2% decline while the latter showed a 0.9% increase. Also released today was New Zealand’s quarterly inflation expectations which stayed unchanged at 1.9%.



*By Kate Curtis from Trader’s Way*

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