# Forex Major Currencies Outlook (Feb 27, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-27-2017/ Language: en Updated: 2017-02-27 Description: Explore Forex Major Currencies Outlook (Feb 27, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar regained some ground against its peers on Friday as traders booked profits off their short positions earlier in the week. Besides, expectations for Trump’s tax plan announcement are running high once more since he is scheduled to have a speech on Tuesday. US durable goods orders and pending home sales data are due today, along with a speech by FOMC member Kaplan. **EUR** The euro got back on its feet against the pound and comdolls but was still much weaker to the Japanese yen. There were no reports released from the euro zone on Friday while today has Spanish flash CPI and M3 money supply figures due. Reports indicating that Le Pen could lose the elections might also drive the shared currency higher on lower chances of a Frexit. **GBP** The pound had a volatile run on reports that Scotland would pursue another referendum on their membership in the UK. Recall that this vote already happened in the past and that Scotland actually voted to stay in the EU in last year’s referendum. Over the weekend, PM May mentioned that they would move to end the free movement of EU migrants to the UK by March. **CHF** The franc was still in a weak spot against most of its peers as political troubles in the EU continue to keep traders on edge for potential SNB intervention. There were no reports out of the Swiss economy on Friday while today has a speech by SNB member Zurburgg. **JPY** The yen was the big winner for the day as the pickup in risk aversion worked out to its benefit. There were no reports out of Japan recently while the next Asian session has preliminary industrial production and retail sales due. The latter could show a faster pickup of 1.0% compared to the earlier 0.7% uptick while the former could print a slower 0.4% gain. **Commodity Currencies (AUD, NZD, CAD)** The comdolls showed some weakness on Friday as risk aversion came back into play. Canada’s CPI readings came in better than expected with a 0.9% increase in the headline figure and a 0.5% uptick for the core reading. In Australia, company operating profits surged 20.1% versus the projected 8% gain for Q4. New Zealand’s trade balance is due next and a 3 million NZD deficit is eyed. *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-27-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-27-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-27-2017/", "headline": "Forex Major Currencies Outlook (Feb 27, 2017)", "inLanguage": "en", "datePublished": "2017-02-27T09:11:06+00:00", "dateModified": "2017-02-27T09:11:06+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 27, 2017). USDThe US. 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