The Eurodollar fell after higher-than-expected Nonfarm payrolls figures implied higher inflation. Markets priced in only one Fed interest rate cut this year as the dollar strengthened.
The British pound declined to a fourteen-month low amid fears that a surge in UK borrowing costs could hit economic growth.
The USD/JPY pushed to multi month highs as speculation continued on the likely timing of the Bank of Japan’s next interest rate hike.
Gold prices recorded their best weekly performance since November, after uncertainty over President-elect Trump’s foreign and trade policies boosted safe haven demand.
Stock prices fell after higher-than-expected Nonfarm payrolls figures triggered fears that higher inflation could cause the Fed to scale back the number of interest rate cuts this year.
Crude oil prices climbed and recorded a three-month high as freezing conditions in the United States boosted demand for energy, while reports that the US could militarily engage in the middle east underpinned oil prices.