# Forex Major Currencies Outlook (Dec 19, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-19-2017/ Language: en Updated: 2017-12-19 Description: Explore Forex Major Currencies Outlook (Dec 19, 2017). USD The US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had a rocky start but managed to end overall positive against most of its counterparts. The NAHB housing market index jumped from 69 to 74 instead of just merely advancing to the consensus at 70. Lawmakers are set to vote on the tax bill this week and Trump might be able to sign it into law by the end of the week if approved. US current account, along with building permits and housing starts, are lined up today. **EUR** The euro rallied and reversed as the Italian trade balance printed stronger than expected results but the final CPI readings were unchanged. Today has the German Ifo business climate index due and an uptick from 117.5 to 117.6 is expected. **GBP** The pound was also unable to hold on to most of its intraday gains, but it’s worth noting that the CBI industrial order expectations index held steady at 17 instead of falling to 14. There are no major reports due from the UK today so the focus could remain on Brexit updates and how this could keep the future uncertain for UK businesses. **CHF** The franc was one of the bigger winners for the day as it even managed to chalk up gains to the dollar. There were no reports out of the Swiss economy then and none are due today so market sentiment and currency-specific action might still push franc pairs around. **JPY** The yen was trading a bit more carefully as traders are probably positioning ahead of the BOJ statement later this week. For today, there are no major reports lined up so yen pairs might wait for cues from market sentiment or currency-specific factors. **Commodity Currencies (AUD, NZD, CAD)** The Aussie remained supported as the RBA minutes indicated why the central bank was no longer as dovish as before, but weaker gold prices on risk-taking took back some of the currency’s gains. Crude oil prices also stayed afloat on account of the recent pipeline shutdown. In New Zealand, the ANZ business confidence index improved slightly from -39.3 to -37.8. *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-dec-19-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-19-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-19-2017/", "headline": "Forex Major Currencies Outlook (Dec 19, 2017)", "inLanguage": "en", "datePublished": "2017-12-19T08:31:44+00:00", "dateModified": "2017-12-19T08:31:44+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Dec 19, 2017). USD The US. 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