# Forex Major Currencies Outlook (Aug 28, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-28-2015/ Language: en Updated: 2015-08-28 Description: Explore Forex Major Currencies Outlook (Aug 28, 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 stage a strong rally in the US trading session after the Q2 GDP reading enjoyed a large upward revision from 2.3% to 3.7%. However, components of the report showed a significant buildup in inventories, which suggests weak demand and potentially slower business production in the next months. Core PCE price index, along with personal spending and income reports, are lined up for today. **EUR** The euro gave up its recent wins to the dollar and some of its major counterparts, despite the lack of top-tier data from the region. In Germany, import prices recorded a worse than expected 0.7% drop versus the projected 0.3% decline and the previous 0.5% drop. German and Spanish flash CPI readings are due today and 0.1% declines are eyed for both reports. **GBP** The pound continued its selloff in yesterday’s trading sessions, with no reports from the UK to provide any support. For today, the second GDP estimate for Q2 2015 is lined up and no changes to the initial 0.7% estimate is expected. Preliminary business investment data is also due and this might show a 1.6% gain. Stronger than expected data could allow the pound to recover. **CHF** The franc caved to dollar strength in recent trading sessions, spilling over to other Swissy pairs. Switzerland is set to print its Q2 GDP reading today and analysts are expecting to see a 0.1% contraction to follow the previous -0.2% growth figure. This would put the Swiss economy in recession, which might spur more losses for the franc. **JPY** The yen gave up some of its recent gains, mostly spurred by the sharp rally in USDJPY and the pickup in risk appetite. Earlier today, Japan showed mixed reports, with a weaker than expected household spending figure and stronger than expected core CPI readings in Tokyo and in the rest of the country. Retail sales was also better than expected at 1.6% versus the projected 1.1% increase. **Commodity Currencies (AUD, NZD, CAD)** The comdolls made decent rebounds in yesterday’s trading sessions, spurred by the return in risk appetite. In Australia, private capital expenditure showed a 4.0% drop, worse than the projected 2.5% decline. There are no reports lined up from the comdoll economies today, leaving risk sentiment in control. *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-28-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-28-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-28-2015/", "headline": "Forex Major Currencies Outlook (Aug 28, 2015)", "inLanguage": "en", "datePublished": "2015-08-28T10:50:06+00:00", "dateModified": "2015-08-28T10:50:06+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Aug 28, 2015). USDThe US. 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