# Forex Major Currencies Outlook (May 12, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-12-2017/ Language: en Updated: 2017-05-12 Description: Explore Forex Major Currencies Outlook (May 12, 2017). USDThe. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The dollar chalked up a few wins earlier in the day but gave these back in the US session even with upbeat reports. Headline PPI ticked 0.5% higher while the core version of the report indicated a 0.45 gain versus the projected 0.2% uptick. For today, CPI and retail sales figures are due. Headline CPI is expected to post a 0.3% rebound while core CPI could advance by 0.2%. Headline retail sales could indicate a 0.6% increase while the core version could print a 0.5% uptick. **EUR** The euro continued to retreat against its peers as traders booked profits after ECB Governor Draghi recently shared a cautious outlook for the region. There were also no major reports to give the shared currency a boost yesterday while today has German preliminary GDP and final CPI data on tap. Euro zone industrial production is also due and a 0.3% rebound is eyed. **GBP** The pound returned most of its recent gains as traders were disappointed to find out that the BOE was not as hawkish as expected. The central bank kept monetary policy unchanged for the time being but cautioned that Brexit risks could weigh on the consumer sector as wage growth could have trouble keeping up with rising price levels. There are no reports due from the UK today. **CHF** The franc was stuck in consolidation as the Swiss CPI simply came in line with expectations of a 0.2% uptick. There are no reports due from the Swiss economy today so more sideways action could be seen or the franc could be sensitive to market sentiment. **JPY** The yen was able to regain ground against the dollar and European currencies even as Japan’s medium-tier reports came in mixed. Bank lending and current account balance printed weaker than expected results but the Economy Watchers Sentiment index improved from 47.4 to 48.1. There are no reports due from Japan today so yen pairs could take their cue from US bond yields. **Commodity Currencies (AUD, NZD, CAD)** The comdolls managed to hold on to their gains even after the OPEC monthly report projected higher output from non-OPEC members and kept its demand forecast unchanged. There are no major reports due from the comdoll economies today but New Zealand has its quarterly retail sales numbers due over the weekend. *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-may-12-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-12-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-12-2017/", "headline": "Forex Major Currencies Outlook (May 12, 2017)", "inLanguage": "en", "datePublished": "2017-05-12T08:43:50+00:00", "dateModified": "2017-05-12T08:43:50+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (May 12, 2017). USDThe. 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