# Forex Major Currencies Outlook (Jun 05, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-05-2017/ Language: en Updated: 2017-06-05 Description: Explore Forex Major Currencies Outlook (Jun 05, 2017). USDThe. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The dollar sold off heavily on Friday when the NFP reading fell short of estimates, casting doubts on a June hike. The economy added 138K jobs in May versus the projected 181K increase and the earlier reading, which was downgraded to 174K. The unemployment rate improved from 4.4% to 4.3% while the average hourly earnings figure printed a 0.2% uptick as expected. US ISM non-manufacturing PMI is due today and a drop from 57.5 to 57.1 is eyed. **EUR** The euro was still mostly weaker for the day after the region’s PPI reading showed a flat reading versus the 0.2% uptick to indicate weaker price pressures down the line. Most European banks are closed in observation of Whit Monday today but final services PMI readings are still lined up. **GBP** The pound is off to a shaky start owing to the fresh round of attacks in London and the upcoming snap elections. Polls could have a major impact on the currency’s direction for the week and additional volatility is expected. UK services PMI is due today and a fall from 55.8 to 55.1 is expected. **CHF** The franc gave up some of its recent wins as the SNB continued to jawbone the currency. There were no reports released from Switzerland on Friday and none are due today since Swiss banks are closed for the holidays. **JPY** The yen took advantage of dollar weakness on Friday as bond yields tumbled upon seeing the NFP report. Japan’s consumer confidence index improved from 43.2 to 43.6 as expected and there are no reports due from Japan today so market sentiment could push yen pairs around. **Commodity Currencies (AUD, NZD, CAD)** The comdolls regained ground versus the dollar but were still weak against the yen. Data from Canada, namely trade balance and labor productivity data, turned out weaker than expected. New Zealand banks are closed for the holiday while Australia just reported a drop in its AIG services index from 53.0 to 51.5. *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-jun-05-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-05-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-05-2017/", "headline": "Forex Major Currencies Outlook (Jun 05, 2017)", "inLanguage": "en", "datePublished": "2017-06-05T05:46:06+00:00", "dateModified": "2017-06-05T05:46:06+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Jun 05, 2017). USDThe. 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