
The Eurodollar edged higher after the European Central Bank met and cut its deposit rate for the seventh time over the past year.
The British pound strengthened, testing a six month high following broadly positive economic data posted earlier in the week.
The USD/JPY declined to its lowest level since September 2025 as traders flocked to the safe haven yen amid continued market volatility.
Gold prices surged to another record high as concerns over the trade war persisted while the dollar remained close to three year lows.
U.S. stock markets fell amid continued uncertainty over the trade war’s impact. In the earnings season, major banks including JP Morgan, Goldman Sachs and Morgan Stanley along with streaming giant Netflix, posted better than expected earnings.
Crude oil prices rose close to a two week high after the US tightened oil sanctions on Iran and its ghost fleet of illicit tankers.