# Forex Major Currencies Outlook (Jan 02, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-02-2017/ Language: en Updated: 2017-01-02 Description: Explore Forex Major Currencies Outlook (Jan 02, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar gave up ground against most of its major counterparts early in the year as traders are probably bracing for some adjustments ahead of Trump’s inauguration. US banks are still closed for the holiday today so liquidity could be thin and dollar pairs could be sensitive to market sentiment. **EUR** The euro regained some ground against most of its rivals so far even as there have been no reports from the region. Final manufacturing PMI readings from its top economies are lined up today and any improvements could allow the shared currency to hold on to its recent wins. **GBP** The pound was able to recover against some of its peers as well even though UK banks are closed for today. Traders are gearing up for more top-tier catalysts due later on, such as the PMI readings from the manufacturing, services, and construction sectors. **CHF** The franc had a volatile time at the end of 2016 as traders likely booked profits off their positions then. Swiss banks are closed for the holiday today so market sentiment could push franc pairs around. **JPY** The yen gave up some of its recent gains to start the year as Japanese banks were closed for the holidays. Traders are also pricing in their reaction to last week’s disappointing reports from Japan, with many speculating that the BOJ would need to ramp up its easing efforts. **Commodity Currencies (AUD, NZD, CAD)** The comdolls are struggling to regain ground against the dollar but remain mostly weak, especially China reported declines in its manufacturing and non-manufacturing PMI over the weekend. The former fell from 51.7 to 51.4 while the latter dipped from 54.7 to 54.5. *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-jan-02-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-02-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-02-2017/", "headline": "Forex Major Currencies Outlook (Jan 02, 2017)", "inLanguage": "en", "datePublished": "2017-01-02T10:37:15+00:00", "dateModified": "2017-01-02T10:37:15+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 02, 2017). USDThe US. 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