# Forex Major Currencies Outlook (Aug 30, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-30-2016/ Language: en Updated: 2016-08-30 Description: Explore Forex Major Currencies Outlook (Aug 30, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar retreated as traders booked profits off their recent long positions after Yellen’s Jackson Hole testimony. Data from the US came in line with expectations, with the core PCE price index posting a feeble 0.1% uptick. Personal income and spending data from June enjoyed a small upgrade, still keeping rate hike expectations in play. US CB consumer confidence is due today and a dip from 97.3 to 97.2 is eyed. **EUR** The euro took advantage of dollar weakness but was slightly weaker against its other counterparts. There were no reports out of the euro zone yesterday while today has flash CPI readings from Germany and Spain, along with import prices data from Germany. **GBP** The pound made a quick bounce to the dollar but retreated against its other peers. UK banks were closed for the holiday and are set to reopen today ahead of the release of net lending to individuals and mortgage approvals data. Stronger than expected UK reports could reassure traders that the economy didn’t fare so poorly after the Brexit vote. **CHF** The franc moved mostly sideways in recent trading since there have been no major reports out of Switzerland this week. The Swiss KOF economic barometer is due today and a drop from 102.7 to 102.2 is expected, possibly keeping a lid on the currency’s gains. **JPY** The yen regained some ground despite BOJ Governor Kuroda’s easing hints during the Jackson Hole Symposium. Data from Japan beat expectations, as household spending and retail sales saw smaller than expected declines. The unemployment rate also improved from 3.1% to 3.0%. **Commodity Currencies (AUD, NZD, CAD)** The comdolls rallied then quickly reversed as risk aversion returned to the markets. Data from Australia came in better than expected with building approvals up 11.3% instead of staying flat. Canadian current account balance and underlying inflation reports are due 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-30-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-30-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-aug-30-2016/", "headline": "Forex Major Currencies Outlook (Aug 30, 2016)", "inLanguage": "en", "datePublished": "2016-08-30T07:11:22+00:00", "dateModified": "2016-08-30T07:11:22+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Aug 30, 2016). USDThe US. 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