The Eurodollar climbed to a fresh more than three year peak, despite stronger than expected US Nonfarm Payroll data last week.
The British pound fell to a nine day low early in the week after UK Chancellor of the Exchequer Reeves faced serious criticism. The government was forced to backtrack on its welfare bill, following internal opposition from within the ruling Labour party.
The USD/JPY was flat after peaking at a one week high midweek, as risk on sentiment pressured the safe haven yen.
Gold prices rose to a nine day high amid concerns of fiscal instability, after the Big Beautiful tax bill was passed by congress. The bill is estimated to increase the US national debt by $3.4 trillion.
U.S. stock prices surged to fresh all time highs, led by gains in the tech sector. The rally was driven by renewed optimism over trade, strong jobs report data and investor confidence following the passage of corporate tax cuts under the new fiscal bill.
Oil prices rose after reports suggested Iran was refusing to co-operate with the UN nuclear watchdog, raising concerns over supply disruption. But an expected OPEC production increase over the weekend pared earlier gains.