# Forex Major Currencies Outlook (Feb 13, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-13-2015/ Language: en Updated: 2015-02-13 Description: Explore Forex Major Currencies Outlook (Feb 13, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar gave up a lot of ground when the economy saw weaker than expected retail sales figures for January, casting doubts on the Fed’s projected rate hike for the year. Core retail sales fell by 0.9% versus the projected 0.4% drop while headline retail sales marked a 0.8% decline instead of the estimated 0.4% tumble. Initial jobless claims was also worse than expected at 304K, higher than the estimated 282K figure. US preliminary consumer sentiment data is up for release today. **EUR** The euro managed to take advantage of dollar weakness in recent trading even though data from the region missed expectations. The German final CPI reading was downgraded from -1.0% to -1.1% while euro zone industrial production stayed flat instead of posting the estimated 0.3% uptick. **GBP** The pound was one of the big winners in yesterday’s sessions as the BOE Inflation Report hearings contained hawkish remarks. Although the central bank admitted that the UK could see negative inflation in a few months and indicated that they’re open to cutting rates if needed, Carney also clarified that lower price levels have been supporting the already robust domestic growth. He added that their next likely move will still be a rate hike, as he also upgraded growth figures for the next two years. **CHF** The franc showed a bit of volatility but was still moving slowly against the dollar and the rest of its forex rivals in recent trading, thanks to the lack of top-tier data from Switzerland. Swiss PPI is due today and a 0.6% decline is eyed to follow the previous 0.4% drop in producer prices. **JPY** The yen was also hit by the wave of risk appetite in the financial markets, as the currency returned some of its recent gains to its counterparts. It managed to advance against the US dollar though, as Japan printed a few strong figures. Core machinery orders marked a higher than expected 8.3% increase versus the projected 2.4% gain while preliminary machine tool orders also saw a strong 20.4% increase. No other reports are due from Japan today. **Commodity Currencies (AUD, NZD, CAD)** The Aussie managed to recover from its selloff after the weak jobs report release, as the currency took advantage of the return in risk appetite. The economy actually lost 12.2K jobs in January versus the projected 4.7K drop, bringing the jobless rate to 6.4%. Canadian manufacturing sales data is due today and a 0.8% rebound is expected. *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-feb-13-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-13-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-13-2015/", "headline": "Forex Major Currencies Outlook (Feb 13, 2015)", "inLanguage": "en", "datePublished": "2015-02-13T10:30:34+00:00", "dateModified": "2015-02-13T10:30:34+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 13, 2015). USDThe US. 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