# Forex Major Currencies Outlook (December 11, 2013) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-december-11-2013/ Language: en Updated: 2013-12-11 Description: Explore Forex Major Currencies Outlook (December 11, 2013). USDThe. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was a big loser in yesterday’s trading, as risk appetite seemed to benefit most other major currencies. There were no major reports released from the US economy then, as traders took the opportunity to book profits at key support and resistance levels. For today, only medium-tier events are scheduled, which suggests that the dollar might have trouble regaining ground. **EUR** The euro kept edging higher against its major counterparts, despite the mixed data seen from the region. French industrial production came in weaker than expected at -0.3% while Italian industrial production beat expectations with a 0.5% uptick. Another round of medium-tier reports are lined up for the euro zone today and, unless we see a set of bleak figures, the euro might still have a chance at pushing higher. **GBP** The pound rebounded in yesterday’s trading, even as U.K. economic data disappointed. The manufacturing production report printed the expected 0.4% uptick while the trade balance fell short of expectations and showed a wider deficit. There are no economic events lined up for the UK today, except perhaps for BOE member Weale’s speech, so pound pairs might be in for a bit of consolidation. **CHF** The franc continued to pummel its way against the other major currencies, as the SNB showed no discomfort with their currency’s current levels. USD/CHF sank below the .8900 major psychological mark while AUD/CHF is attempting to break .8100. There were no economic reports released from Switzerland yesterday and there are none due today. **JPY** The yen lost ground to its major counterparts in today’s Asian trading session as the Nikkei showed signs of rebounding. As for economic data, Japan’s figures have been coming up short recently, which is leading traders to speculate about an increase in stimulus from the BOJ. Earlier today, Japan’s machinery orders came up short of consensus and showed a mere 0.6% uptick. No other reports are due from Japan for the rest of the day. **Commodity Currencies (AUD, NZD, CAD)** The comdolls showed a bit of strength and took advantage of dollar and yen weakness in yesterday’s trading when data from China came in mostly in line with expectations. For today, Australia’s Westpac consumer sentiment showed a decline of 4.8% which isn’t good for the Australian dollar. A bigger mover could be the RBNZ statement in the next Asian trading session, as traders are expecting the central bank to jawbone the Kiwi. Canada has no economic data lined up. *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-december-11-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-december-11-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-december-11-2013/", "headline": "Forex Major Currencies Outlook (December 11, 2013)", "inLanguage": "en", "datePublished": "2013-12-11T11:53:19+00:00", "dateModified": "2013-12-11T11:53:19+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (December 11, 2013). 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