The EUR/USD climbed to a ten-day high as the US government shutdown continued, while reports suggesting some regional banks were close to crisis put additional pressure on the greenback.
The British pound increased amid mixed UK data, leaving traders uncertain as to whether or when the Bank of England will cut rates again in the short term.
The USD/JPY fell to a near two-week low as the safe-haven yen received some support in a week when US trade tensions with China rose after President Trump expressed dissatisfaction with Chinese policy.
Gold prices recorded sharp increases and hit another all-time high, with the metal finding support from rising trade tensions. Jitters due to bad loans in the regional banking sector provided an additional boost to prices later in the week.
The US S&P 500 stock price rose in a volatile week after US-China trade tensions were soothed by confirmation that the Trump-Xi summit will go ahead in three weeks’ time.
Oil prices dropped for the third successive week to their lowest level in five months. US inventories rose, while the International Energy Agency warned that there could be a supply surplus next year.