# Forex Major Currencies Outlook (Feb 27, 2018) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-27-2018/ Language: en Updated: 2018-02-27 Description: Explore Forex Major Currencies Outlook (Feb 27, 2018). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was in a weak spot as equities started the week on a positive note and traders seem wary of a cautious tone from new Fed Chair Powell’s testimony. US new home sales also came in weaker than expected with a surprise fall. CB consumer confidence and US durable goods orders data are also due today. **EUR** The euro managed to score some gains when ECB head Draghi offered a few more optimistic remarks on the economy. He acknowledged that euro zone growth has been robust and that the labor market could see more improvements. However, he also warned that financial market volatility and currency movements warrant close monitoring. Flash CPI readings from Germany and Spain are due today and gains are eyed. **GBP** The pound was able to catch a bid as leaders continued to talk about a potential trade agreement with the EU even after Brexit. UK Labour leader Corbyn said that the government wants to negotiate a new customs union that could preserve a tariff-free arrangement. There are no reports due from the UK today so the focus could stay on Brexit headlines. **CHF** The franc gave up a bit of ground as risk appetite was in play. There were no reports out of the Swiss economy then and none are due today, which suggests that the franc could take its cue from sentiment or euro movements. **JPY** The yen gapped down over the weekend as market watchers are bracing for BOJ head Kuroda’s testimony. There are no other major reports due from Japan, leaving yen pairs to react to overall sentiment as well. **Commodity Currencies (AUD, NZD, CAD)** The Loonie was one of the weaker performers as falling crude oil and NAFTA jitters weighed on the currency. Word is that Mexico’s President Nieto called off a visit to the US after a phone call in which Trump refused to announce that Mexico won’t have to foot the bill for the border wall. New Zealand reported a trade deficit of 566 million NZD after the earlier 596 million NZD surplus, but this was still better compared to the estimated 2.71B NZD deficit. *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-27-2018/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-27-2018/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-feb-27-2018/", "headline": "Forex Major Currencies Outlook (Feb 27, 2018)", "inLanguage": "en", "datePublished": "2018-02-27T06:02:27+00:00", "dateModified": "2018-02-27T06:02:27+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Feb 27, 2018). USDThe US. 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