# Forex Major Currencies Outlook (Jan 5, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-5-2016/ Language: en Updated: 2016-01-05 Description: Explore Forex Major Currencies Outlook (Jan 5, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was able to draw support from the run in risk aversion although it paled in comparison to the Japanese yen. The ISM manufacturing PMI turned out to be a disappointment as the reading fell from 48.6 to 48.2 instead of improving to the projected 49.1 figure. There are no major reports due from the US economy today. **EUR** The euro was able to pare its losses against its counterparts, except for the dollar and the yen, when data from the euro zone came in mostly stronger than expected. Although the German preliminary CPI came in below expectations with a 0.1% decline, the Italian manufacturing PMI surprised to the upside while other PMI readings from the top economies came in line with expectations. Euro zone CPI estimates and German unemployment change data are lined up. **GBP** The pound was in a weak spot yesterday after the UK printed a downbeat manufacturing PMI reading. The index fell from 52.5 to 51.9 instead of improving to the estimated 52.8 figure, reflecting a slower pace of expansion. The construction PMI is due today and a rise from 55.3 to 56.1 is expected but this might have a minimal impact on pound movement. **CHF** The franc managed to score some gains when the Swiss manufacturing PMI beat expectations. The reading rose from 49.7 to 52.1, outpacing the consensus at 50.2 to indicate a much stronger pace of industry expansion. There are no reports out of Switzerland today. **JPY** The yen was able to benefit from the downturn in global equities, as the selloff in Asian stock markets boosted the yen’s safe-haven appeal. Japan’s final manufacturing PMI was revised from 52.5 to 52.6. There are no reports due from Japan today, leaving risk sentiment in play. **Commodity Currencies (AUD, NZD, CAD)** The comdolls suffered sharp losses at the start of the week when China’s Caixin manufacturing PMI came in below expectations. Traders also priced in their expectations for further stock declines ahead of the expiration of the six-month ban on short-selling. The New Zealand GDT auction is scheduled later today and another decline in dairy prices could mean more losses for the Kiwi. *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-5-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-5-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jan-5-2016/", "headline": "Forex Major Currencies Outlook (Jan 5, 2016)", "inLanguage": "en", "datePublished": "2016-01-05T08:17:56+00:00", "dateModified": "2016-01-05T08:17:56+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jan 5, 2016). USDThe US. 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