Forex Week in Review - 21 November 2016

Last week was another positive affair for all of the world’s major markets.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.67%, it closed at 6775.8; the Dax ended at 10665, up by 1% on last week’s close; the CAC was up by 0.34% to end the session at 4504.4.

The Dow ended the week up by 0.11% to close at 18868. The Nasdaq composite index was up by 1.6% over the course of the week at 5321.5.

The Nikkei 225 ended the week’s trading up by 3.4% to end the session at 17967.

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 $1.2326 to the Pound, a gain of 2.2% on the week. The Greenback strengthened against the Euro last week by 2.2% to close at $1.0597 to the Euro. The Dollar was stronger against the Japanese currency, closing at 110.5 Yen to the Dollar, making a gain of 3.6% during the week.

The Euro was stronger against the Yen ending at 117.1, a gain of 1.4% over the course of the week. It made ground against Sterling last week, just, rising by 0.01%; the close saw one £ buying €1.1632.

The Euro now buys 1.0697 CHF, a loss of 0.15% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $46.86 per barrel, a gain of 4.7% over the course of the week’s trading. The value of gold fell last week, closing at $1208.5 per ounce, a loss of 1.4%.

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.