Forex Week in Review - 24 October 2016

Dr. Mike Campbell

The world’s major markets were trading at least marginally higher last week, for a change.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.1%, it closed at 7020.5; the Dax ended at 10711, up by 1.2% on last week’s close; the CAC was up by 1.5% to end the session at 4536.1.

The Dow ended the week up (just) by 0.04% to close at 18146. The Nasdaq composite index was up by 0.11% over the course of the week at 5257.4.

The Nikkei 225 ended the week’s trading up by 2% to end the session at 17185.

Currencies

On the currency markets last week the Yen enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.2211 to the Pound, a loss of 0.17% on the week. The Greenback strengthened against the Euro last week by 0.93% to close at $1.0869 to the Euro. The Dollar was weaker against the Japanese currency, closing at 103.9 Yen to the Dollar, making a loss of 0.29% during the week.

The Euro was weaker against the Yen ending at 113, a loss of 1.2% over the course of the week. It lost ground against Sterling last week, falling by 1.1%; the close saw one £ buying €1.1235.

The Euro now buys 1.081 CHF, a loss of 0.48% on the week.

Commodities

On the commodities market, the price for Brent crude ended at $51 per barrel, a loss of 1.8% over the course of the week’s trading. The value of gold rose last week, closing at $1265.6 per ounce, a gain of 1.3%.

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.

Did you like what you read? Let us know what you think!

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

0 User comments

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Read more
Add new comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.