Forex Week in Review - 17 October 2016

Dr. Mike Campbell

The world’s major markets were trading mixed yet again last week.

In Europe over the course of the week, the FTSE was down on last week’s close by 0.44%, it closed at 7013.6; the Dax ended at 10580, up by 0.85% on last week’s close; the CAC was up by 0.47% to end the session at 4470.9.

The Dow ended the week down by 0.56% to close at 18138. The Nasdaq composite index was down by 0.77% over the course of the week at 5252.6.

The Nikkei 225 ended the week’s trading essentially unchanged to end the session at 16856.

On the currency markets last week the Dollar again enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2190 to the Pound, a gain of 1.9% on the week. The Greenback strengthened against the Euro last week by 1.7% to close at $1.1097 to the Euro. The Dollar was stronger against the Japanese currency, closing at 104.2 Yen to the Dollar, making a gain of 0.77% during the week.

The Euro was weaker against the Yen ending at 114.3, a loss of 0.95% over the course of the week. It made ground against Sterling last week, rising by 0.2%; the close saw one £ buying €1.1111.

The Euro now buys 1.086 CHF, a loss of 0.69% on the week.

On the commodities market, the price for Brent crude ended at $51.95 per barrel, a gain of 0.04% over the course of the week’s trading. The value of gold was unchanged last week, closing at $1248.9 per ounce.

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.

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