Persistent US inflation supported expectations for further Fed tightening, limiting the euro's recovery.

The yen strengthened beyond 158 per dollar after Japan warned of possible currency intervention, while the offshore yuan held near 6.69, close to its strongest since July 2022.

The euro recovered slightly from an 18-month low to just below $1.12, while sterling held near $1.323 following the IMF’s upgrade to UK growth forecasts.

Brent retreated toward $105 as Russian diesel exports resumed, but attacks on Ukrainian energy infrastructure and Saudi Arabia kept supply risks in focus.

Brent fell toward $103 after Trump announced a Russian diesel agreement and an energy ceasefire with Ukraine.

US stock futures stabilized Friday after a tech selloff linked to reports that OpenAI’s annualized revenue reached $50 billion, below the previously cited $68 billion.

The average US 30-year mortgage rate jumped 19 basis points to 7.49%, its highest since November 2023, as Treasury yields reached 24-year highs on oil-driven inflation concerns.

Oil stockpiles are nearing exhaustion globally, leaving supply more vulnerable to disruptions.