Forex Week in Review - 15 June 2015

Last week again saw all of the major stock markets fall with the exception of the Dow Jones.

In Europe over the course of the week, the FTSE was down by 0.29%, it closed at 6784.9; the Dax ended at 11196, down, just, by 0.01% on last week’s close; the CAC was down by 0.4% to end the session at 4901.2.

The Dow ended the week up by 0.28% to close at 17899. The Nasdaq composite index ended down by 0.34% over the course of the week at 5051.1.

The Nikkei 225 ended the week’s trading down by 0.26% to end the session at 20407.

Currency markets review

On the currency markets last week the Yen enjoyed the best of the trading with Sterling hard on its heels. The Dollar was weaker against Sterling last week closing at $1.5520 to the Pound, a fall of 1.7%. The Greenback fell against the Euro last week by 1.3% to close at $1.1260 to the €. The Dollar was weaker against the Japanese currency, closing at 123.5 Yen to the Dollar, making a loss of 1.7% during the week.

The Euro was weaker against the Yen ending at 139.0, a loss of 0.41% over the course of the week. It lost ground against Sterling last week, falling by 0.33%; the close saw one £ buying €1.37383

The Euro now buys 1.0507 CHF, a rise of 0.6% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $63.9 per barrel, a rise of 0.88% over the course of the week’s trading. The value of gold was higher last week, closing at $1180.1 per ounce, a rise of 0.89% on the week.

Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.