Currency pairs mirrored this change in direction, with the euro holding firm and the yen stabilizing as risk appetite improved. The offshore yuan also strengthened, supported by resilient domestic data and a steadier outlook for China’s economy.

Brent crude continued to fluctuate as traders weighed improving diplomatic signals against unresolved questions surrounding shipping flows through the Strait of Hormuz. Gold remained well supported, reflecting lingering geopolitical risk even as broader sentiment improved.

Take a look at this week's last market analysis.