# Forex Major Currencies Outlook (Sept 28, 2015)

Source: https://www.tradersway.com/resources/market-info/forex-major-currencies-outlook-sept-28-2015/
Language: en
Updated: 2015-09-28
Description: Explore Forex Major Currencies Outlook (Sept 28, 2015). USDThe US. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.

**USD**



The US dollar was able to cap off a pretty good week, spurred mostly by hawkish remarks from Fed officials.



Most FOMC members hinted that they’re open to tightening before the end of the year, although they maintained that inflation remains weak. Data from the US was stronger than expected, with the final GDP reading enjoying an upward revision from 3.7% to 3.9% in Q2. For today, a bunch of FOMC members (Dudley, Tarullo, Evans, and Williams) are set to give more testimonies. Data on personal spending and income are also due, along with pending home sales and the core PCE price index.



**EUR**



The euro gave up ground on Friday, due mostly to weaker than expected data from the euro zone as private loans and M3 money supply came up short. There are no reports due from the euro zone today, which suggests that the shared currency could take its cue from market sentiment.



**GBP**



The pound was unable to recover by the end of the week, as there were no reports to give the British currency a boost. BOE MPC member Cunliffe is set to give a speech today and his monetary policy bias might have a huge impact on pound price action.



**CHF**



The franc followed in the euro’s footsteps and weakened against the dollar, as there were no reports to give the Swiss currency any support back then. There are still no reports lined up from Switzerland today, which suggests that the franc could keep trailing the euro or move to the tune of risk sentiment.



**JPY**



The yen regained ground on Friday, presumably as traders booked profits off their short yen positions. There have been no reports out of Japan then and none are due today, indicating that market sentiment could stay in the driver’s seat.



**Commodity Currencies (AUD, NZD, CAD)**



The comdolls ended the week mostly weaker against their currency rivals, as traders continued to price in the potential repercussions of the slowdown in China on the countries’ trade activity. There are no reports lined up from Australia, Canada, and New Zealand for the rest of the day, leaving risk appetite in control of price action.



*By Kate Curtis from Trader’s Way*

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