# Forex Major Currencies Outlook (Mar 23, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-23-2015/ Language: en Updated: 2015-03-23 Description: Explore Forex Major Currencies Outlook (Mar 23, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was unable to shake off the downbeat vibes brought forth by the cautious FOMC statement, forcing the currency to end lower against most of its forexcounteparts for the week. There have been no major reports released from the US economy on Friday but a couple of Fed officials gave testimonies. According to FOMC member Lockhart, interest rates might increase by September, a later schedule compared to initial market estimates of a June rate hike. For today, FOMC member Fischer is set to give a speech and possibly give his forecasts for policy changes. **EUR** The euro managed to hold on to some of its recent gains to the dollar but was still in a very weak spot to its other forex rivals. Medium-tier data from the euro zone was mixed, as the German PPI missed forecasts but the euro zone current account balance printed better than expected results. Euro zone consumer confidence and a speech by ECB Governor Draghi are lined up today, with upbeat results likely to support the shared currency. **GBP** The pound was able to bounce back to the dollar but was still sold off against its other forex counterparts. Public sector net borrowing data in the UK was stronger than expected, which means that the country’s finances are faring better. For today, CBI industrial order expectations data is due and a drop from 10 to 9 is eyed. **CHF** The franc continued to advance to the dollar on Friday even though there were no reports released from Switzerland. The tone of the latest SNB statement indicated that the central bank isn’t likely to intervene or adjust monetary policy for a while. There are no reports lined up from the Swiss economy today. **JPY** The Japanese yen advanced to the dollar but gave up ground to its other forex rivals on Friday, although the minutes of the BOJ meeting didn’t contain much surprises. As usual, policymakers indicated confidence in the economy and its progress in moving towards economic goals. There are no reports lined up from Japan today. **Commodity Currencies (AUD, NZD, CAD)** The comdolls struck up a strong recovery on Friday, even though the Canadian economy printed bleak retail sales figures. Headline consumer spending fell by 1.7% while core retail sales saw a 1.8% decline. The CPI readings were much better though, as the headline figure showed a stronger than expected 0.9% gain while the core figure came in line with expectations of a 0.6% uptick. There are no reports due from these economies today. *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-23-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-23-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-mar-23-2015/", "headline": "Forex Major Currencies Outlook (Mar 23, 2015)", "inLanguage": "en", "datePublished": "2015-03-23T06:09:54+00:00", "dateModified": "2015-03-23T06:09:54+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (Mar 23, 2015). USDThe US. 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