# Forex Major Currencies Outlook (May 13, 2015) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-13-2015/ Language: en Updated: 2015-05-13 Description: Explore Forex Major Currencies Outlook (May 13, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar returned some of its recent wins as risk appetite somewhat improved in the markets and traders also booked profits ahead of the US retail sales release today Data from the US economy was weaker than expected, as the JOLTS job openings came in at 4.99M versus expectations of a climb from 5.14M to 5.16M. The headline retail sales reading might show a 0.3% uptick for April while the core version of the report could print a 0.4% increase. Stronger than expected data could allow the dollar to recover while weak results could push it lower. **EUR** The euro popped a bit higher despite the lack of reports released from the euro zone since Greece was able to make its repayment to the IMF yesterday. Euro zone preliminary GDP readings are up for release today, with Germany likely to print a 0.5% growth figure and France expected to show a stronger 0.4% expansion compared to its previous GDP. The euro zone flash GDP is expected to come in at 0.5%, higher than the previous 0.3% expansion and enough to support Draghi’s claims that a sustained recovery is taking hold. **GBP** The pound extended its rally in yesterday’s trading sessions thanks to stronger than expected UK manufacturing production data. The report showed a 0.4% gain, higher than the projected 0.3% uptick, while the previous reading was upgraded to show a 0.5% increase. For today, the BOE Inflation Report could add volatility among pound pairs, along with the UK claimant count change release. The jobs report could show a 20.1K decline in joblessness, which could bring the jobless rate down from 5.6% to 5.5%. **CHF** The franc gave back some of its recent wins, as there were no reports to allow the currency to extend its climb. There are still no major reports lined up from Switzerland today, although the franc might take its cue from euro zone GDP data and follow the reaction of the shared currency. **JPY** The yen weakened to most of its forex rivals when risk appetite picked up during the Asian trading session. BOJ Governor Kuroda spoke in front of parliament and clarified that he is not looking to cut interest rates on excess reserves parked in the central bank’s vault. Earlier today, Japan’s current account balance came in better than expected at 2.07T JPY versus the estimated 1.34T JPY surplus. **Commodity Currencies (AUD, NZD, CAD)** The Kiwi was still in a weak spot in recent trading but the Aussie got a boost from upbeat housing data and positive remarks from Fitch regarding the country’s credit rating. Australia also released its government budget and this was taken positively by the Aussie. Chinese industrial production numbers and retail sales data are up for release 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-may-13-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-13-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-13-2015/", "headline": "Forex Major Currencies Outlook (May 13, 2015)", "inLanguage": "en", "datePublished": "2015-05-13T05:52:39+00:00", "dateModified": "2015-05-13T05:52:39+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (May 13, 2015). USDThe US. 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