# Forex Major Currencies Outlook (Mar 16, 2018) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-16-2018/ Language: en Updated: 2018-03-16 Description: Explore Forex Major Currencies Outlook (Mar 16, 2018). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar drew a lot of support from its peers in the New York session when medium-tier reports came in mostly stronger than expected. Initial jobless claims and the Empire State manufacturing index surpassed forecasts while the Philly Fed index missed. Industrial production, building permits and housing starts are due today. **EUR** The euro was still in a weak spot as ECB officials have been downplaying the idea of tightening as inflationary pressures have remained weak. There have been no major reports out of the euro zone yesterday while today has final CPI readings. **GBP** The pound gave up ground to the dollar and yen but managed to stay resilient against its other peers. There were no reports out of the UK yesterday while only the CB leading index is due today. Analysts expect to see a rebound from the earlier 0.2% dip. **CHF** The franc barely reacted to the SNB decision as traders shrugged off jawboning remarks from Chairperson Jordan. PPI also came in stronger than expected with a 0.3% uptick versus the estimated 0.2% gain. There are no reports due from the Swiss economy today. **JPY** The yen was the big winner in recent trading sessions as it took advantage of risk-off flows and the late news on Mueller’s subpoena into Russia-related Trump documents. Japanese industrial production data was downgraded from a 6.6% decline to a 6.8% drop, though. **Commodity Currencies (AUD, NZD, CAD)** The comdolls found themselves at the losing end of the latest trading sessions as fears of a trade war lingered. The Loonie took extra hits on weak housing starts data and the downgrade in the ADP employment figure for January. Canadian foreign security purchases and manufacturing sales are due next. *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-mar-16-2018/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-16-2018/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-16-2018/", "headline": "Forex Major Currencies Outlook (Mar 16, 2018)", "inLanguage": "en", "datePublished": "2018-03-16T09:30:50+00:00", "dateModified": "2018-03-16T09:30:50+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Mar 16, 2018). USDThe US. 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