Forex Week in Review - 16 October 2017

Last week was another positive affair for the world’s major markets with all making ground except for the CAC.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.17% at 7535.4; the Dax ended at 12992, up by 0.28% on last week’s close; the CAC was down by 0.15% to end the session at 5351.7.

The Dow ended the week up 0.43% to close at 22872. The Nasdaq composite index was up by 0.24% over the course of the week at 6605.8.

The Nikkei 225 ended the week’s trading up by 2.2% to end the session at 21155.

Currency markets review

On the currency markets last week, the Pound enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3304 to the Pound, a loss of 1.8% on the week. The Greenback weakened against the Euro last week by 0.89% to close at $1.1837 to the Euro. The Dollar weakened against the Japanese currency closing at 111.9 Yen to the Dollar, making a loss of 0.68% during the week.

The Euro was stronger against the Yen ending at 133.5, a gain of 0.2% over the course of the week. It lost ground against Sterling last week, falling by 0.93%, the close saw one £ buying €1.12395.

The Euro now buys 1.1534 CHF, a gain of 0.56% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $57.17 per barrel, a rise of 2.8% over the course of the week’s trading. The value of gold rose last week closing at $1301.5 per ounce, a gain of 2.3% 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.