Forex Week in Review - 7 August 2017

Last week was a largely positive affair for the world’s major markets with all indexes making gains except for the Nasdaq.

In Europe over the course of the week, the FTSE was up on last week’s close by 2.2% at 7526.6; the Dax ended at 12279, up by 0.95% on last week’s close; the CAC was up by 1.6% to end the session at 5212.9.

The Dow ended the week up by 1.2% to close at 22093. The Nasdaq composite index was down by 0.36% over the course of the week at 6351.6.

The Nikkei 225 ended the week’s trading up by 0.48% to end the session at 20056.

On the currency markets last week the Yen enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.3034 to the Pound, a rise of 0.69% on the week. The Greenback strengthened against the Euro last week, just, by 0.03% to close at $1.1753 to the Euro. The Dollar weakened against the Japanese currency, just, closing at 110.8 Yen to the Dollar, making a loss of 0.03% during the week.

The Euro was weaker against the Yen ending at 132.2, a loss of 0.08% over the course of the week. It made ground against Sterling last week, rising by 0.66%, the close saw one £ buying €1.1090.

The Euro now buys 1.1423 CHF, a gain of 0.34% on the week.

On the commodities market, the price for Brent crude ended at $52.42 per barrel, a fall of 0.19% over the course of the week’s trading. The value of gold rose last week closing at $1269.3 per ounce, a gain of 0.07% 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.