# Forex Major Currencies Outlook (Dec 29, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-29-2017/ Language: en Updated: 2017-12-29 Description: Explore Forex Major Currencies Outlook (Dec 29, 2017). USD The. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The dollar was in a weak spot for the most part of the day as risk appetite was in play. Positive sentiment in relation to the tax reform package appears to have faded and traders are focused on the event risks. Also, data has been mostly weaker than expected, casting doubts on tightening next year. **EUR** The euro had a mixed run as medium-tier data barely provided any direction. German preliminary CPI and Spanish flash CPI are up for release next and strong readings could reinforce tightening expectations. Keep in mind that the ECB is due to taper in January so traders are looking out for rate hike clues. **GBP** The pound was mostly weaker to the commodity currencies for yet another day. Data was weaker than expected as High Street lending came in at 39.5K versus the estimated 40.6K figure. There are no reports from the UK economy today. **CHF** The franc reacted to currency-specific factors on the lack of major data from Switzerland. Earlier in the week, the UBS consumption indicator dipped while the Credit Suisse economic expectations index advanced. There are no reports due from Switzerland today, so the franc could take its cue from euro zone data or overall sentiment. **JPY** The yen was still in a weak spot as risk-taking came into play. Japanese figures were actually better than expected, with preliminary industrial production and retail sales both beating expectations. The BOJ core CPI was also strong at 0.6% versus the 0.5% consensus. **Commodity Currencies (AUD, NZD, CAD)** Comdolls were still in the green as rising commodity prices and generally positive risk sentiment buoyed the higher-yielding currencies. There were no major reports out of their economies recently, although Australia just printed a stronger than expected private sector credit figure. *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-29-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-29-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-dec-29-2017/", "headline": "Forex Major Currencies Outlook (Dec 29, 2017)", "inLanguage": "en", "datePublished": "2017-12-29T09:21:18+00:00", "dateModified": "2017-12-29T09:21:18+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Dec 29, 2017). USD The. 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