Forex Week in Review - 6 March 2017

Last week was a positive affair for the world’s major markets with all making gains over the previous week’s close.

In Europe over the course of the week, the FTSE was up on last week’s close by 1.8% at 7374.3; the Dax ended at 12027, up by 1.9% on last week’s close; the CAC was up by 3.1% to end the session at 4995.1.

The Dow ended the week up by 0.88% to close at 21006. The Nasdaq composite index was up by 0.44% over the course of the week at 5870.8.

The Nikkei 225 ended the week’s trading up by 1.48% to end the session at 19569.

Currency markets review

On the currency markets last week the Dollar enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2246 to the Pound, a rise of 2% on the week. The Greenback strengthened against the Euro last week by 0.25% to close at $1.0554 to the Euro. The Dollar strengthened against the Japanese currency closing at 114.58 Yen to the Dollar, making a gain of 2.1% during the week.

The Euro was stronger against the Yen ending at 120.9, a rise of 1.8% over the course of the week. It made ground against Sterling last week, rising by 1.8%; the close saw one £ buying €1.1604.

The Euro now buys 1.0675 CHF, a rise of 0.34% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $55.9 per barrel, a fall of 0.16% over the course of the week’s trading. The value of gold fell last week closing at $1234.1 per ounce, a loss of 1.8% 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.