The Eurodollar dropped last week as worries over the US debt ceiling helped to push up the safe haven dollar.
The British pound continued to push higher against the dollar. The bank of England decided to increase its base rate by 25 basis point – in line with expectations.
The USD/Yen pair increased to hit a ten day high as the yen lost ground against the greenback on Friday.
Gold prices fell slightly after the dollar pushed higher making the precious metal more expensive for foreign currency traders.
The earnings season saw more companies announcing their results. While Virgin Galactic announced disappointing results, the company excited investors, stating it would hold a test flight in May and begin commercial space flights in June. Walt Disney announced broadly positive earnings.
Oil prices fell last week as investors continued to be concerned about future US demand. However, wildfires in Canada which took around 320,000 barrels per day off the market, provided some support.