# Forex Major Currencies Outlook (June 22, 2016) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-22-2016/ Language: en Updated: 2016-06-22 Description: Explore Forex Major Currencies Outlook (June 22, 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 peers despite mixed remarks from Fed Chairperson Yellen. She reiterated the need for a cautious approach in tightening, citing that policymakers will keep close tabs on jobs data to see if the slowdown was just transitory. She also added that the Fed has legal basis to implement negative rates if needed but downplayed the risk of a recession. US existing home sales data and another speech by Fed head Yellen are lined up today. **EUR** The euro suffered a sharp selloff after Draghi’s testimony because the ECB head mentioned that “further stimulus is in the pipeline.” Market watchers had been expecting him to reiterate that they’re ready to use their monetary policy tools in the event of a Brexit but were surprised to see stronger dovish hints. Data from the region was stronger than expected, as the German ZEW economic sentiment index rose from 6.4 to 19.2 instead of falling to the projected 5.1 reading. There are no major reports due from the euro zone today. **GBP** The pound managed to hold on to some of its recent gains as more polls suggested a small lead in favor of staying in the EU. Brexit surveys and the BBC debates could continue to influence pound price action leading up to the referendum. There are no reports due from the UK economy today. **CHF** The franc consolidated to the dollar but was able to advance against the euro. Swiss trade balance beat expectations with a 3.79 billion CHF surplus versus the projected 2.88 billion CHF surplus. Swiss ZEW economic expectations are up for release today. **JPY** The yen managed to regain some ground during the latter trading sessions, as traders probably booked profits off their recent trades. Japan’s all industries activity index came in line with expectations of a 1.3% gain. There are no reports due from Japan today. **Commodity Currencies (AUD, NZD, CAD)** The comdolls gave back some of their recent wins when ECB head Draghi’s speech inspired risk aversion. RBA minutes were less dovish than expected. There are no major reports lined up from the comdoll economies today, which means that risk sentiment could push these currencies around. *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-22-2016/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-22-2016/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-22-2016/", "headline": "Forex Major Currencies Outlook (June 22, 2016)", "inLanguage": "en", "datePublished": "2016-06-22T05:20:12+00:00", "dateModified": "2016-06-22T05:20:12+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (June 22, 2016). USDThe US. 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