Forex Week in Review

21 August 2017 11:08:22 AM

Last week was a mixed affair for the world’s major markets with European markets making gains.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.19% at 7324; the Dax ended at 12165, up by 1.3% on last week’s close; the CAC was up by 1.1% to end the session at 5114.2.

The Dow ended the week down by 0.84% to close at 21675. The Nasdaq composite index was down by 0.64% over the course of the week at 6216.5.

The Nikkei 225 ended the week’s trading down by 1.3% to end the session at 19470.

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 $1.2845 to the Pound, a rise of 1.1% on the week. The Greenback strengthened against the Euro last week by 0.52% to close at $1.1747 to the Euro. The Dollar strengthened against the Japanese currency closing at 109.3 Yen to the Dollar, making a gain of 0.25% during the week.

The Euro was weaker against the Yen ending at 128.5, a loss of 0.26% over the course of the week. It made ground against Sterling last week, rising by 0.57%, the close saw one £ buying €1.0935.

The Euro now buys 1.1329 CHF, a loss of 0.28% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $52.72 per barrel, a rise of 1.2% over the course of the week’s trading. The value of gold rose last week closing at $1286.8 per ounce, a gain of 0.06% 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.

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