The EUR/USD declined to trade close to multi month lows after US treasury yields continued to rise on concerns of a debt crisis in France, amid worries about its economy.
The British pound fell by Friday’s close as the dollar strengthened against its rivals, although further losses were capped after President Trump ruled out an attack on Iran ahead of US midterm elections.
The USD/JPY grew to a ten day high as rising US Treasury yields and concerns about Japan’s fiscal outlook weighed on the yen, leaving the pair posting its fourth consecutive weekly gain.
Gold prices bounced back from a two-month low to finish higher after reports stated that China’s central bank continued to buy large amounts of gold for the 23rd successive month.
The US S&P 500 and the Nasdaq both posted record highs before ending the week higher as traders appeared optimistic, just ahead of the impending earnings season.
Oil prices ended the week slightly higher, bouncing from a five week low. President Trump’s statement that “productive discussions” were being held pressured prices early on, but a US hurricane which triggered production shutdowns supported prices.