# Forex Major Currencies Outlook (June 10, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-10-2016/ Language: en Updated: 2016-06-10 Description: Explore Forex Major Currencies Outlook (June 10, 2016). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar regained ground against its rivals as risk aversion appeared to return in the financial markets. Data from the US was mixed, with better than expected initial jobless claims and weaker than expected wholesale inventories. Only the US preliminary UoM consumer sentiment index is due today and a drop from 94.7 to 94.1 is expected. **EUR** The euro retreated against the dollar and the yen despite stronger than expected data from its top economies. French non-farm payrolls rose 0.3% while the German trade balance showed a larger surplus of 24.0 billion EUR. German final CPI and French industrial production data are up for release today. **GBP** The pound managed to limit its losses in recent sessions thanks to some surveys showing a slight lead in favor of those voting to stay in the EU. UK goods trade balance also showed stronger than expected results. Construction output data and inflation expectations are up for release today and another batch of strong readings could keep the pound afloat. **CHF** The franc returned some of its recent wins to the dollar even as the Swiss jobless rate came in line with expectations at 3.5%. There are no reports due from the Swiss economy today so the franc could be driven mostly by sentiment. **JPY** The yen took advantage of the risk-off moves to advance against its higher-yielding counterparts. Data from Japan was weaker than expected as core machinery orders slumped 11.0% versus the projected 3.2% drop. Japanese tertiary industry activity data is due today and a 0.7% rebound is eyed. **Commodity Currencies (AUD, NZD, CAD)** The comdolls gave back most of their recent wins when risk-off vibes returned. China reported a drop in its annual CPI from 2.3% to 2.0% but the PPI came in stronger than expected. In Canada, BOC Governor Poloz highlighted the pickup in the oil industry but cautioned that housing inflation could pose risks. Canada’s jobs report is due next and a 3.1K increase is eyed, enough to keep the jobless rate unchanged at 7.1%. *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-june-10-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-10-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-10-2016/", "headline": "Forex Major Currencies Outlook (June 10, 2016)", "inLanguage": "en", "datePublished": "2016-06-10T07:05:16+00:00", "dateModified": "2016-06-10T07:05:16+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (June 10, 2016). USDThe US. 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