# Forex Major Currencies Outlook (May 30, 2017) Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-30-2017/ Language: en Updated: 2017-05-30 Description: Explore Forex Major Currencies Outlook (May 30, 2017). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. **USD** The US dollar was barely moving in recent trading sessions as traders were out enjoying Memorial Day. There were no reports out of the US economy then while today has the core PCE price index, as well as personal spending and income data. The CB consumer confidence index is also lined up and a dip from 120.3 to 120.1 is eyed. **EUR** The euro took a hit after ECB head Draghi’s testimony, even as he did have upbeat remarks on the economy. He acknowledged that economic risks have subsided and that the threat of deflation is lower than before. However, Draghi also mentioned that the economy needs an “extraordinary” amount of support, weighing on the shared currency. German import prices, preliminary CPI, French consumer spending, and French preliminary GDP are due today. **GBP** The pound recovered from its recent slide after the ComRes poll reflected a wider 12-point lead for May’s Conservative Party compared to the YouGov poll indicating a mere 5-point gap. This suggests that the UK economy could avoid additional political uncertainty ahead of the Brexit negotiations. There were no reports out of the UK yesterday and none are due today. **CHF** The franc had a mixed performance as it reacted to currency-specific events. There were no reports out of Switzerland yesterday while today has the KOF economic barometer due. An improvement from 106.0 to 106.2 is expected, possibly adding support for the franc. **JPY** The yen also had a mixed performance as it simply reacted to market sentiment. Household spending, retail sales, and the BOJ core CPI reading are due today. Household spending could fall by 0.7% versus the earlier 1.3% slide while retail sales might increase from 2.1% to 2.1%. **Commodity Currencies (AUD, NZD, CAD)** The comdolls managed to hold on to their recent gains and go for more against the euro. There were no reports out of the comdoll economies yesterday while today has the current account balance and underlying inflation data from Canada. Strong figures could underscore the BOC’s relatively confident stance and allow the Loonie to keep advancing. *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-30-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-30-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-may-30-2017/", "headline": "Forex Major Currencies Outlook (May 30, 2017)", "inLanguage": "en", "datePublished": "2017-05-30T05:11:51+00:00", "dateModified": "2017-05-30T05:11:51+00:00", "articleSection": "Market Info", "description": "Explore Forex Major Currencies Outlook (May 30, 2017). USDThe US. 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