Forex Week in Review - 11 July 2016

Another mixed week of trading on the world’s major markets:

In Europe over the course of the week, the FTSE was up on last week’s close by 0.19%, it closed at 6590.6; the Dax ended at 9629.7, down by 1.5% on last week’s close; the CAC was down by 2% to end the session at 4190.7.

The Dow ended the week up by 1.1% to close at 18147. The Nasdaq composite index ended up by 1.9% over the course of the week at 4956.8.

The Nikkei 225 ended the week’s trading down by 3.7% to end the session at 15107.

Currency markets review

On the currency markets last week the Yen enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2952 to the Pound, a gain of 2.5% on the week. The Greenback strengthened against the Euro last week by 0.81% to close at $1.1049 to the €. The Dollar was weaker against the Japanese currency, closing at 100.7 Yen to the Dollar, making a loss of 1.9% during the week.

The Euro was weaker against the Yen ending at 111.2, a loss of 2.7% over the course of the week. It made ground against Sterling last week, rising by 4.3%; the close saw one £ buying €1.1720.

The Euro now buys 1.0850 CHF, a gain of 0.09% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $48.76 per barrel, a fall of 3.2% over the course of the week’s trading. The value of gold was higher last week, closing at $1356.6 per ounce, a gain of 0.94% 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.