Forex Week in Review

Tuesday, 5 September 2017 11:41


Last week was a positive affair for the world’s major markets with only the Dax slipping.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.57% at 7443.5; the Dax ended at 12143, down by 0.21% on last week’s close; the CAC was up by 0.35% to end the session at 5122.

The Dow ended the week up by 0.8% to close at 21988. The Nasdaq composite index was up by 2.7% over the course of the week at 6435.3%.

The Nikkei 225 ended the week’s trading up by 1.2% to end the session at 19691.

Currency markets review

On the currency markets last week, Sterling enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.2972 to the Pound, a fall of 0.75% on the week. The Greenback weakened against the Euro last week by 0.05% to close at $1.1879 to the Euro. The Dollar strengthened against the Japanese currency closing at 110.1 Yen to the Dollar, making a gain of 0.76% during the week.

The Euro was stronger against the Yen ending at 130.8, a gain of 0.81% over the course of the week. It lost ground against Sterling last week, falling by 0.71%, the close saw one £ buying €1.092.

The Euro now buys 1.1431 CHF, a gain of 0.55% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $52.75 per barrel, a rise of 0.65% over the course of the week’s trading. The value of gold rose last week closing at $1320.4 per ounce, a gain of 2.3% 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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