The Eurodollar fell slightly after US inflation data came in higher than expected midweek. The data reduced the chances of an early interest rate cut from the Fed this year.
The British pound fell against the greenback late in the week after news that the UK has slipped back into recession. The data comes only months before an expected general election in which the governing conservatives are well behind in the polls.
The USD/Yen climbed to a three month peak and ended the week higher. Despite its negative interest rate the Japanese economy tipped into a technical recession. The country is now the fourth largest economy in the world, behind Germany.
Gold prices declined after US inflation data came in higher than expected. Meanwhile tensions continued to simmer in the middle east after an Israeli Hamas ceasefire deal collapsed and Israel said it would push further south into Gaza unless its remaining hostages were released by Hamas.
Stocks climbed again as indices hit another all time high. Tech stocks continued to outperform other sectors and NVIDIA recorded another record high. The chipmaker overtook Amazon and is currently the third most valuable company in the world.
Oil prices rose again to hit a two week high on escalating tensions in the middle east, while Yemeni Houthi attacks on container ships in the Red Sea continued.