The Eurodollar continued its recent decline to a four-week low, as the Euro saw additional pressure on Friday after reports suggested that Washington was pushing for tariffs ranging from 15% – 20% on the EU.
The British pound declined to a near two-month low, as poor UK data and higher-than-expected unemployment could pressure the Bank of England to opt for an interest rate cut in August.
The USD/JPY advanced with the yen remaining under pressure due to ongoing tariff uncertainties, ahead of the weekend’s upper house elections.
Gold prices declined amid reports that President Trump was looking for ways to dismiss Fed Chair Powell, and trade conflict concerns returned to the fore on Friday.
U.S. stock prices were boosted by the earnings season and pushed to new all-time highs after Netflix and AI giant Taiwan Semiconductor beat earnings expectations.
Oil prices declined, despite hitting a four-day high early in the week. Oil found some support from a new round of EU oil sanctions against Russia on Friday, but was pressured by a higher dollar.