# Forex Major Currencies Outlook (Mar 20, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-20-2017/ Language: en Updated: 2017-03-20 Description: Explore Forex Major Currencies Outlook (Mar 20, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar continued to retreat against most of its counterparts as traders kept booking profits off their recent long positions in reaction to a less hawkish than expected Fed announcement. There are no major reports due from the US economy today but President Trump has a speech lined up so additional volatility could be in the cards. **EUR** The euro gave up some ground as traders turned their attention to French election updates once more. Still, it’s worth noting that a couple of ECB policymakers echoed the less dovish rhetoric of ECB head Draghi during the other week’s ECB presser. German PPI is due today, along with a speech by German central bank head Weidmann. Another round of upbeat remarks on economic performance could renew euro strength. **GBP** The pound was able to hold on to some of its gains as traders shifted their stance when a BOE member recently voted to hike interest rates. There were no reports out of the UK on Friday while today has a speech by MPC member Haldane. Brexit updates are likely to be the main movers for the next few days as the government moves closer to invoking Article 50. **CHF** The franc moved mostly sideways on Friday after making a few big moves earlier in the week. The lack of ECB dovishness prevented the SNB from being overly dovish themselves, although Chairperson Jordan reiterated that they can still ease or intervene if needed. There are no reports due from the Swiss economy today. **JPY** The Japanese yen regained ground on Friday as bond yields continued to favor the currency. Japanese banks are closed for a holiday today, though, so volatility could be low and yen pairs could wait for clues from market sentiment instead. **Commodity Currencies (AUD, NZD, CAD)** The comdolls staged a late recovery in the week but were able to end mostly in the green against the dollar. There are no major reports from the comdoll economies at the start of the week but market sentiment could still push these pairs 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-mar-20-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-20-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-20-2017/", "headline": "Forex Major Currencies Outlook (Mar 20, 2017)", "inLanguage": "en", "datePublished": "2017-03-20T09:09:13+00:00", "dateModified": "2017-03-20T09:09:13+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Mar 20, 2017). USDThe US. 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