# Forex Major Currencies Outlook (Aug 25, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-25-2016/ Language: en Updated: 2016-08-25 Description: Explore Forex Major Currencies Outlook (Aug 25, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar advanced against most of its forex peers despite downbeat housing data, as traders seem to be reacting to market sentiment. US equities closed lower for the day, weighed by declines in the drugmaker industry. US durable goods orders, flash services PMI, and initial jobless claims are lined up today. Headline durable goods orders could rebound by 3.4% while core durable goods orders could be up by 0.4%. **EUR** The euro slid lower across the board despite stronger than expected German final GDP. The earthquake in Central Italy has weighed heavily on sentiment in the region, causing traders to shrug off the data. For today, the German Ifo business climate index is due and a rise from 108.3 to 108.5 is expected. **GBP** The pound carried on with unwinding its post-Brexit losses as traders adjusted their biases after last week’s upbeat set of U.K. data. BBA mortgage approvals were actually weaker than expected at 37.7K. For today, the CBI realized sales index is due and a rise from -14 to -5 is eyed. **CHF** The franc gave up more ground to the dollar and pound, as there were no reports to give the Swiss currency a boost. There are still no reports due from Switzerland today so the franc could simply act as a counter currency. **JPY** The yen took advantage of the risk-off vibes but gave up ground to the dollar and pound. There were no reports out of Japan yesterday and none are due today so risk sentiment could still be the main driver of price action. **Commodity Currencies (AUD, NZD, CAD)** The comdolls slid lower on weaker commodity prices and a slowdown in risk-taking. Data from Australia was weaker than expected with a 3.7% slump in construction work done for Q2. US crude oil inventories rose by 2.5 million barrels versus the projected draw of 0.5 million barrels. Fonterra upgraded milk price forecasts for this year and the next, keeping the Kiwi supported. There are no reports due from the comdoll economies today. *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-25-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-25-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-25-2016/", "headline": "Forex Major Currencies Outlook (Aug 25, 2016)", "inLanguage": "en", "datePublished": "2016-08-25T05:16:00+00:00", "dateModified": "2016-08-25T05:16:00+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Aug 25, 2016). USDThe US. 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