Forex Week in Review

23 October 2017 8:28:20 AM

By: DailyForex.com

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

In Europe over the course of the week, the FTSE was down on last week’s close by 0.16% at 7523.2; the Dax ended at 12991, unchanged on last week’s close; the CAC was up by 0.39% to end the session at 5372.4.

The Dow ended the week up 2% to close at 23329. The Nasdaq composite index was up by 0.35% over the course of the week at 6629.1.

The Nikkei 225 ended the week’s trading up by 1.4% to end the session at 21458.

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 $1.3178 to the Pound, a gain of 0.95% on the week. The Greenback strengthened against the Euro last week by 0.57% to close at $1.1769 to the Euro. The Dollar strengthened against the Japanese currency closing at 113.5 Yen to the Dollar, making a gain of 1.4% during the week.

The Euro was stronger against the Yen ending at 133.6, a gain of 0.83% over the course of the week. It made ground against Sterling last week, rising by 0.38%, the close saw one £ buying €1.1197.

The Euro now buys 1.1588 CHF, a gain of 0.46% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $57.75 per barrel, a rise of 1% over the course of the week’s trading. The value of gold fell last week closing at $1277.8 per ounce, a fall of 1.8% 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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