- The dollar retreated from a six-month high after dovish remarks from Federal Reserve members reignited rumours that the institution could maintain current interest rates.
- By 0.1%, the Dollar Spot Index fell. The actions followed remarks made by Fed Bank of New York President John Williams on Thursday that US monetary policy is "in a good place."
- Stocks meanwhile started to decline. The Stoxx 600 Index for Europe was on pace for its longest losing streak since 2016—an eighth day. S&P 500 index futures and Nasdaq 100 futures both decreased by 0.1%.
- Data this week that point to a worsening economic slowdown in Europe and China have hurt stock prices. According to a statement from Bank of America, sentiment is particularly negative towards European markets, which had investment outflows for the 26th consecutive week.
- The offshore-traded yuan in China was getting close to its lowest point ever, and a decrease in the daily reference rate fueled speculation that the government is okay with a slow depreciation.
- The price of European benchmark petrol increased by as much as 11%, and Brent oil remained close to $90 a barrel. After failed negotiations, liquefied natural gas workers at significant Chevron facilities in Australia started staging limited strikes on Friday.
- Australian Unions: Strikes began at Chevron LNG plants.
- Germany's DIW institute cuts 2023 German GDP growth forecast to -0.4% vs -0.2% previously.
