Investing.com - A quick look at what rocked U.S. markets this week.
'Trumpflation trade’ on hold
U.S. equities squeezed out a win as the S&P 500, NASDAQ Composite and Dow closed higher on Friday. The positive end to the week for U.S. equities saw the Dow post its longest win streak since 1992.
Fed dampened hopes for March rate hike
The release of the minutes of Federal Reserve’s most recent meeting, failed to reinforce hopes of a March rate hike, as some Fed members’ appeared to be reluctant to support a raise in interest rates, without further details on President Trump’s economic plans.
U.S. crude supply slowed
Data from the Energy Information Administration released Thursday revealed U.S. crude inventories rose less than expected – the first time in six consecutive weeks.
Gold glittered to a 3-month high
Gold futures raced to a 3-month high on Friday, and notched up a fourth consecutive week of gains. The yellow-metal benefited from a slump in the dollar in recent sessions.
Mexican peso hit highs
The Mexican peso leaped to its strongest level in more than three months on Thursday, after U.S Treasury Secretary Steven Mnuchin said that President Trump’s policies would have a limited impact in 2017. The MXN/USD is one of the best performing currencies in the world in February, up over 5%.