The dollar steadied on Friday, capping a week marked by significant economic and geopolitical events that sent ripples through global markets. Key among these were ongoing Middle East peace negotiations and unprecedented demand for SpaceX shares following its $75 billion initial public offering.
Meanwhile, the euro remained stable at $1.1577 after the European Central Bank’s first interest rate hike in three years. President Trump’s announcement of a potential peace deal sparked market reactions, while traders evaluated the implications for equity and currency movements as well as the Fed’s upcoming rate-setting meeting.
Market observers noted a cautious stance ahead of next week’s central bank meetings. Bitcoin and Ethereum showed modest gains, illustrating the broader market’s sensitivity to international developments and investor sentiment amid unfolding Middle East and technology sector news.
(With inputs from agencies.)
