Forex Week in Review - 24 July 2017



Last week was a mixed affair for the world’s major markets.In Europe over the course of the week, the FTSE was up on last week’s close by 1% at 7452.9; the Dax ended at 12240, down by 3.1% on last week’s close; the CAC was down by 2.3% to end the session at 5117.7.

The Dow ended the week down by 0.27% to close at 21580. The Nasdaq composite index was up by 1.2% over the course of the week at 6387.8.

The Nikkei 225 ended the week’s trading down, just, by 0.09% to end the session at 20100.

Currency markets review

On the currency markets last week the Euro enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2966 to the Pound, a gain of 0.84% on the week. The Greenback weakened against the Euro last week by 1.8% to close at $1.1656 to the Euro. The Dollar weakened against the Japanese currency closing at 111.2 Yen to the Dollar, making a loss of 1.3% during the week.

The Euro was stronger against the Yen ending at 129.6, a gain of 0.47% over the course of the week. It made ground against Sterling last week, rising by 2.6%, the close saw one £ buying €1.1124.

The Euro now buys 1.1056 CHF, a gain of 0.6% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $48.91 per barrel, a rise of 4.7% over the course of the week’s trading. The value of gold rose last week closing at $1227.5 per ounce, a gain of 1.6% on the week.

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.