The EUR/USD dropped to its lowest level in three months after the ECB kept rates unchanged, but weak Eurozone GDP data and low consumer confidence weighed on the Euro.
The British pound dollar pair fell as concerns over poor UK economic indicators built, ahead of the Autumn Budget on concerns that public spending cuts may be necessary.
The USD/JPY climbed to a seven month high after the Fed cut interest rates, but Fed Chair Powell remained cautious about a rate cut in December.
Gold prices retreated to a three week low as trade war fears eased after Presidents Trump and Xi met and agreed a one year trade truce.
US S&P 500 stocks posted another week in the green, boosted by strong quarterly results from major tech companies Amazon, Apple and Google. Streaming giant Netflix announced a 10 – 1 stock split will take place on November 14th.
Oil prices declined just ahead of the weekend’s OPEC meeting, amid reports that the cartel will continue to add to output from December.