# Forex Major Currencies Outlook (June 25, 2013)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-june-25-2013/
Language: en
Updated: 2013-06-26
Description: Explore Forex Major Currencies Outlook (June 25, 2013). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The US dollar had to take a breather from its recent rallies, as it ended the day mostly lower against its major counterparts.



There were no economic reports released from the United States then. For today, durable goods orders data, CB consumer confidence and new home sales are set for release. Headline durable goods orders are expected to show a 3.0% increase while core durable goods orders could stay flat for the month. Meanwhile, CB consumer confidence is expected to retreat from its previous reading while the new home sales are projected to increase from 454K to 462K.



**EUR**



The euro was able to post a small recovery against the US dollar, as EUR/USD landed back above 1.3100. German Ifo business climate came close to the consensus at 106.00, as it posted a reading of 105.90. This was an improvement from the previous 105.70 reading, showing that business confidence continues to climb. For today, the only report due from the euro zone is the Italian retail sales and the actual figure disappointed with a 0.1% decline.



**GBP**



The pound made a slight comeback in the previous day’s trading, as GBP/USD managed to stay above the 1.5400 major psychological level. There were no reports released from the United Kingdom then. Today, BBA mortgage approvals posted better than expected results of 36.1K, higher than the estimated 33.1K reading.



**CHF**



There were no reports released from Switzerland recently but the Swiss franc managed to make a small rebound against the US dollar. There are no reports due from Switzerland today so watch out for potential changes in market sentiment, which could determine where the franc is headed.



**JPY**



The yen made some gains against the Greenback in yesterday’s trading, although there were no reports released from Japan. There are still no reports on tap for today, which suggests that yen pairs could be more sensitive to currency specific events.



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



The commodity currencies managed to hold their ground against the US dollar, as AUD/USD pulled back to the .9250 area while USD/CAD found resistance at 1.0500. There are no reports due from the comdoll economies today, which suggests that the movement of the pairs could be sensitive to US data.



*By Kate Curtis from Trader’s Way*

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