The EUR/USD edged lower after the greenback climbed against most of its rivals following higher than expected inflation linked data, which might delay Fed rate cuts until July.
The British pound fell to a more than one week low after Prime Minister Starmer’s government was threatened by a major by-election defeat against the green party last week.
The USD/JPY climbed to a two week high after Bank of Japan governor Ueda reaffirmed that the bank will consider another interest rate hike in the coming months.
Gold prices jumped to an almost one month high as tensions rose in the Middle East following reports of a major US build up of its forces and amid reports that an Israeli / US attack upon Iran was imminent.
US S&P 500 stocks ended the week lower, despite record breaking earnings results for NVIDIA. The sell off was driven by AI costs, geopolitical tensions in the Middle East and renewed tariff uncertainties
Oil prices jumped to their highest levels in seven months ahead of a largely expected US attack upon Iran, amid fears of supply disruption in the oil rich region.