The Eurodollar jumped to a three year peak following lower than expected US inflation linked data, increasing the chances of multiple Fed rate cuts this year.
The British pound edged higher on on safe haven demand for the greenback late in the week, as tensions rose sharply in the Middle East.
A volatile USD/JPY recorded both a ten day high and a one week low as the pair ended slightly lower with both currencies being sought as safe havens in a volatile week.
Gold prices rose sharply to a seven week high after Israel launched an attack on Iran to destroy its nuclear facilities. Israel stated the attack would be ongoing and Iran vowed to respond in equal measure.
U.S. stock prices pulled back, despite a positive start to the week following a partial trade agreement between the US and China. Late in the week, conflict in the Middle East acted as a drag on US share prices.
Crude oil prices surged to their highest levels since January amid uncertainty as the Israeli attack on Iran might increase oil supply disruptions. The US-China deal also improved the outlook for potential global oil demand.