# Forex Major Currencies Outlook (June 13, 2017)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-13-2017/
Language: en
Updated: 2017-06-13
Description: Explore Forex Major Currencies Outlook (June 13, 2017). USDThe. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The dollar took in some losses against its rivals as the tech sector tumble on Wall Street dragged sentiment down.



There were no major reports out of the US on Monday while today has the PPI and NFIB Small Business index. Headline PPI could stay flat while core PPI could have a 0.2% uptick.



**EUR**



The euro managed to hold its ground as the first round of French parliamentary elections yielded a lot of support for Macron’s political party. However, Italian industrial production was weaker than expected with a 0.4% drop instead of the projected 0.2% uptick. German ZEW economic sentiment index is due today and a rise from 20.6 to 21.6 is eyed.



**GBP**



The pound carried on with its slide from after the elections last week as there still has been no political clarity in the UK. PM May apologized to lawmakers who lost their seats in the elections and said that it is up to the party whether or not she can keep her job. UK CPI is due next and no change to the 2.7% headline figure is eyed.



**CHF**



The franc consolidated against most of its peers as European market sentiment was weak but there was some degree of risk aversion. There were no reports out of Switzerland yesterday and none are due today so risk flows could determine franc direction, along with pricing in of SNB expectations.



**JPY**



The yen was one of the big winners for the day as dollar weakness and risk-off moves favored the safe-haven currency. Data from Japan was mixed as core machinery orders slid 3.1% while PPI was close to consensus at a 2.1% increase. The BSI manufacturing index is due next.



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



The Loonie got a big boost from hawkish remarks by BOC member Wilkins who said that the central bank might need to evaluate whether all of stimulus is still needed or not. Australia’s NAB business confidence index is due next and New Zealand will print its current account balance in the next Asian session.



*By Kate Curtis from Trader’s Way*

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