# Forex Major Currencies Outlook (Jun 26, 2017)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-jun-26-2017/
Language: en
Updated: 2017-06-26
Description: Explore Forex Major Currencies Outlook (Jun 26, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The US dollar was off to a weak start as economic reports turned out below expectations.



Headline durable goods orders fell 1.1% versus the projected 0.5% dip while the core reading showed a 0.1% uptick instead of the estimated 0.4% gain. Fed Chairperson Yellen has a speech coming up next.



**EUR**



Economic data from the euro zone turned out stronger than expected as the German Ifo business climate index climbed from 114.6 to 115.1 versus the estimated 114.7 reading. There are no major reports due from the region next but Draghi has a speech coming up.



**GBP**



The pound gained some support from reports confirming that PM May has been able to strike a coalition with the DUP. This could leave the government with a more united front in the Brexit negotiations. UK BBA mortgage approvals dipped from 40.7K to 40.3K as expected. The BOE financial stability report and a speech by Carney are lined up next.



**CHF**



The franc had a mixed performance as the lack of top-tier data from Switzerland left it functioning as a counter currency. There are still no major reports lined up from the Swiss economy so market sentiment could push the franc around.



**JPY**



The yen was mostly weaker against its peers as risk appetite was in play last week. There have been no major reports out of Japan so far this week and none are lined up today so market sentiment could be responsible for yen price action.



**Commodity Currencies (AUD, NZD, CAD)**



The comdolls managed to rake in more gains as risk-taking was evident at the end of the week, even with downside pressure on crude oil prices. New Zealand’s trade balance is coming up next and a narrower surplus of 420M NZD compared to the earlier 578M NZD reading is expected.



*By Kate Curtis from Trader’s Way*

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