Forex Week in Review

Last week was another negative affair for the world’s major markets with all but the Nasdaq losing ground.

In Europe over the course of the week, the FTSE was down on last week’s close by 0.7% at 7380.7; the Dax ended at 12994, 1% down on last week’s close; the CAC was down by 1.1% to end the session at 5319.2.

The Dow ended the week down by 0.27% to close at 23358. The Nasdaq composite index was up by 0.47% over the course of the week at 6782.8.

The Nikkei 225 ended the week’s trading down by 1.3% to end the session at 22397.

Currency markets review

On the currency markets last week, the Yen enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3219 to the Pound, a fall of 0.07% on the week. The Greenback weakened against the Euro last week by 1.2% to close at $1.1796 to the Euro. The Dollar weakened against the Japanese currency closing at 111.99 Yen to the Dollar, making a loss of 1.3% during the week.

The Euro was weaker against the Yen ending at 132.1, a loss of 0.14% over the course of the week. It made ground against Sterling last week, rising by 1.1%, the close saw one £ buying €1.1206.

The Euro now buys 1.166 CHF, a gain of 0.4% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $62.72 per barrel, a fall of 1.3% over the course of the week’s trading. The value of gold rose last week closing at $1288.3 per ounce, an increase of 1.1%.

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.