The EUR/USD climbed to a two week high after higher than expected Eurozone GDP data combined with cautious statements from ECB officials on potential further rate cuts.
The British pound increased despite weaker than expected industrial, GDP and employment data, as a weaker greenback supported the pair.
The USD/JPY rose to a nine month high after Japan’s government continued to signal that rate hikes from the Bank of Japan are unlikely to take place in the near future.
Gold prices climbed, testing a three week peak as geopolitical tensions grew amid concerns that the US may launch a military attack upon Venezuela.
US S&P 500 stocks were mixed last week amid high volatility. Uncertainty over the consequences of the now concluded longest government shutdown in history impacted sentiment, amid a lack of major economic data.
Oil prices rose, with the commodity rebounding from a three week low after a Ukrainian drone struck a major Russian oil export hub, tightening supply. However, rising US inventories pressured oil prices, limiting oil’s gains.