# Forex Major Currencies Outlook (August 21, 2014) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-august-21-2014/ Language: en Updated: 2014-08-21 Description: Explore Forex Major Currencies Outlook (August 21, 2014). USDThe. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The Greenback had a strong run in the latest NY trading session, as the FOMC minutes revealed that policymakers are considering tightening monetary policy sooner than anticipated. Fed officials acknowledged the pickup in hiring and growth for the past few months, although they still cautioned about the economic risks present. This sets the tone for the upcoming Jackson Hole Symposium, during which Yellen could talk about the US labor market and the Fed’s monetary policy plans. US initial jobless claims and flash manufacturing PMI are up for release today. **EUR** The euro gave up more ground to the dollar, although it managed to hold on to some of its recent gains against its other counterparts. German PPI came in weaker than expected at a decline of 0.1% versus the estimated flat reading. German and French PMI figures for the manufacturing and services sectors are up for release today, with small declines expected. Weaker than expected data could push the euro much lower against its counterparts. **GBP** The pound failed to take advantage of the relatively bullish BOE minutes, as the policymakers had a 2-7 vote to hike interest rates. As for asset purchases, the vote to keep it unchanged was unanimous. UK CBI industrial order expectations improved from 2 to 11, outpacing the consensus at 4. UK retail sales are due today and it might show a 0.4% increase, higher than the previous 0.1% uptick. Data on public sector net borrowing is also due today. **CHF** The franc weakened to the dollar in recent trading, as there were no releases from Switzerland to keep it supported. For today, the trade balance is up for release and it might show a wider surplus of 1.87 billion CHF. A higher than expected reading could keep the franc supported but a weak result could lead to more losses. **JPY** The yen gave up ground to the US dollar, as USDJPY broke past 103.00 when the FOMC minutes were released. It also lost ground to its other counterparts when risk appetite picked up later on. Japan’s flash manufacturing PMI was stronger than expected at 52.4 from 50.5, higher than the projected 51.7 reading. No other reports are due from Japan today, leaving the yen sensitive to risk sentiment. *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-august-21-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-august-21-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-august-21-2014/", "headline": "Forex Major Currencies Outlook (August 21, 2014)", "inLanguage": "en", "datePublished": "2014-08-21T13:31:08+00:00", "dateModified": "2014-08-21T13:31:08+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (August 21, 2014). USDThe. 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