Kenny Fisher

2 days ago | fxstreet.com | Kenny Fisher

The euro fell close to 1% on Wednesday but has recovered. In the European session, EUR/USD is trading at 1.1430, down 0.09% on the day. Euro and German Services PMIs disappointed in April, as they were lower than expected and fell into contraction territory. This marked the first decline in business activity in Germany and the eurozone since November 2024. The Euro Services PMI eased to 48.8, down from 50.9 in March and shy of the market estimate of 50.2. Business confidence was sharply lower.

3 days ago | fxstreet.com | Kenny Fisher

The Japanese yen has rallied for a third straight day. In the European session, USD/JPY is trading at 140.38, down 0.33% on the day. The yen has climbed 1.3% since Thursday, as the US dollar is under pressure against the major currencies. BoJ Core CPI, a key inflation indicator, remained at 2.2% for a third consecutive month in March, shy of the forecast of 2.4%. This follows Japan's National Core CPI, which rose 3.2% y/y, matching expectations but higher than the 3.0% gain in February.

4 days ago | fxstreet.com | Kenny Fisher

The Japanese yen came flying out of the gates on Monday. In the European session, USD/JPY is trading at 141.00, down 0.79%. Earlier the yen strengthened to 140.47, its strongest level since Sep. 2024. The US dollar has posted losses against the major currencies on Monday, including against the yen. Investors gave the US dollar a thumbs down after President Trump's top economic advisor said that Trump was considering the dismissal of Fed Chair Jerome Powell.

1 week ago | fxstreet.com | Kenny Fisher

The euro is showing little movement on Friday. In the European session, EUR/USD is trading at 1.1369, up 0.09% on the day. EUR/USD 4-hour Chart, April 18, 2025The ECB lowered its deposit facility rate on Thursday by a quarter-point, bring the rate to 2.25%. This marked the seventh rate cut since the ECB started its easing cycle in June 2024 and interest rates are now at their lowest since December 2022.

2 weeks ago | fxstreet.com | Kenny Fisher

The British pound is up sharply on Friday, extending its rally for a fourth straight day. In the European session, GBP/USD is trading at 1.3088, up 0.94% on the day. The pound has surged 2.9% since Monday. UK GDP higher than expected February with a gain of 0.5% m/m. This followed a revised 0% reading in January and beat the market estimate of 0.1%. This was the fastest pace of growth since March 2024. Services, manufacturing and construction all recorded gains.