# Forex Major Currencies Outlook (Jan 03, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-03-2017/ Language: en Updated: 2017-01-03 Description: Explore Forex Major Currencies Outlook (Jan 03, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar had no trouble advancing against its peers even as US markets were still closed for the holiday. Markets reopen today and the ISM manufacturing PMI is up for release. A climb from 53.2 to 53.7 is eyed and traders will pay special attention to the jobs component as a preview of Friday’s NFP report. **EUR** The euro resumed its slump against most of its major counterparts even after Spain and Italy printed stronger than expected manufacturing PMI readings. Germany’s PMI was upgraded from 55.5 to 55.6 while the French manufacturing PMI was unchanged at 53.5. German unemployment change data and preliminary CPI readings from Germany and France are lined up today. **GBP** The pound is still in a weak spot as traders seem to be positioning for Brexit-related uncertainties throughout the quarter. There were no reports out of the UK economy yesterday while today has the manufacturing PMI on tap. A dip from 53.4 to 53.3 is expected, reflecting a slower pace of industry growth. **CHF** The franc was off to a weak start against the dollar but managed to chalk up some gains against its European rivals. Swiss manufacturing PMI is also due today and a fall from 56.6 to 56.1 is expected. **JPY** The yen had a mixed performance as it held on to its gains versus the euro and pound but gave up ground to the dollar and commodity currencies. There have been no reports out of Japan yesterday and none are due today since banks are still closed for the holiday. **Commodity Currencies (AUD, NZD, CAD)** The comdolls are regaining ground on the heels of stronger than expected Caixin manufacturing PMI from China. The index rose from 50.9 to 51.9 instead of holding steady, reflecting a faster pace of industry expansion. Australia’s AIG manufacturing index advanced from 54.2 to 55.4. New Zealand has its GDT auction coming up next. *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-03-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-03-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-03-2017/", "headline": "Forex Major Currencies Outlook (Jan 03, 2017)", "inLanguage": "en", "datePublished": "2017-01-03T06:45:42+00:00", "dateModified": "2017-01-03T06:45:42+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 03, 2017). USDThe US. 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