The Eurodollar reached a three-year high amid relief that President Trump had suspended reciprocal tariffs on the EU for 90 days.
The British pound rose to a one-week high following UK GDP and Manufacturing that came in above expectations, indicating a stronger economy.
The USD/JPY fell to a fresh multi-month low after the greenback weakened amid growing expectations that Japan could raise interest rates in the coming months.
Gold prices hit a series of all-time highs last week as the precious metal pushed higher, boosted by ongoing trade war fears and lower than expected US inflation data midweek.
U.S. stock market prices bounced back with the S&P500 seeing its best week since November 2003. The move came after Wednesday’s US decision to suspend reciprocal tariffs. Major banks kicked off the earnings season on Friday with JP Morgan announcing better than expected results.
Crude oil prices made a modest recovery last week, amid hopes that the economic fallout from tariffs won't significantly affect future oil demand.