# Forex Major Currencies Outlook (June 12, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-12-2017/ Language: en Updated: 2017-06-12 Description: Explore Forex Major Currencies Outlook (June 12, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar regained some ground against its peers as risk aversion kicked in after the UK elections. There were no major reports out of the US on Friday and only the Fed budget balance is due next. Dollar demand also got an extra boost after Comey’s testimony did not have any damning evidence for Trump. **EUR** The euro trailed the pound in losing ground to most of its counterparts after the UK snap elections led to a hung parliament. Medium-tier data from the region also missed expectations while today only has the Italian industrial production data on tap. Analysts are expecting to see a 0.2% uptick. **GBP** The pound sold off sharply after the UK snap elections resulted to a hung parliament. Prime Minister May is now making moves to hold on to office and is also seeking a coalition with other political parties. There are no reports due from the pound today but the post-election selloff could resume or traders could price in expectations for the top-tier data due this week. **CHF** The franc took in some gains after the pound tanked during the UK elections. There were no reports out of Switzerland on Friday and none are due today so market sentiment could stay in play. **JPY** The yen also took advantage of the rally in safe-havens during the aftermath of the UK elections. Data from Japan was stronger than expected as tertiary industry activity rose by 1.2% versus the projected 0.5% uptick. Core machinery orders, PPI, and preliminary machine tool orders data are due next. **Commodity Currencies (AUD, NZD, CAD)** The comdolls held on to their gains even though a bit of risk aversion came into play on Friday. Canada added 54.5K jobs in May versus the projected 11.5K increase. Australian banks are closed for the holiday today and there are no major reports due. *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-12-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-12-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-12-2017/", "headline": "Forex Major Currencies Outlook (June 12, 2017)", "inLanguage": "en", "datePublished": "2017-06-12T04:20:53+00:00", "dateModified": "2017-06-12T04:20:53+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (June 12, 2017). USDThe US. 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