The EUR/USD climbed as the US government entered a shutdown and the dollar weakened against most of its rivals.
The British pound rose to a one-week peak amid elevated UK inflation, which reduced the likelihood of Bank of England rate cuts in the short term.
The USD/JPY declined to its lowest level in two weeks after Bank of Japan Governor Ueda warned about global uncertainties and indicated that further rate hikes remain an option.
Gold prices advanced beyond $3890 to hit another record high. The US government shutdown increased political uncertainty, while major investment banks increased their price targets to $4000 and above.
US S&P 500 stock prices returned to winning ways and recorded another all-time high as Tech stock prices jumped. Tesla posted better-than-expected quarterly delivery numbers, and chipmaker Intel’s stock price surged to a multi-month high with reports suggesting the company was discussing a deal with rival AMD.
Oil prices sank over 6% to their lowest level in four months. Unfounded fears that OPEC+ would opt to increase output by 500,000 barrels per day over the next three months pressured the commodity amid oversupply concerns. OPEC decided to increase output by 137,000 bpd from November.