Forex Week in Review

04 December 2017 9:59:05 AM

By: DailyForex.com

Last week was a mixed affair for the world’s major markets with only the Dow and Nikkei recording gains.

In Europe over the course of the week, the FTSE was down on last week’s close by 1.5% at 7300.5; the Dax ended at 12861, 1.5% down on last week’s close; the CAC was down by 1.4% to end the session at 5316.9.

The Dow ended the week up by 2.9% to close at 24232. The Nasdaq composite index was down by 0.6% over the course of the week at 6847.6.

The Nikkei 225 ended the week’s trading up by 1.2% to end the session at 22819.

Currency Markets Review 

On the currency markets last week, the Pound enjoyed the best of the trading on rumours of a financial settlement with the EU. The Dollar was weaker against Sterling last week closing at $1.3511 to the Pound, a fall of 1.3% on the week. The Greenback strengthened against the Euro last week by 0.19% to close at $1.1913 to the Euro. The Dollar strengthened against the Japanese currency closing at 111.8 Yen to the Dollar, making a gain of 0.24% during the week.

The Euro was stronger against the Yen ending at 133.2, a gain of 0.05% over the course of the week. It lost ground against Sterling last week, slipping by 1.5%, the close saw one £ buying €1.1341.

The Euro now buys 1.1622 CHF, a loss of 0.53% on the week.

Commodities Market Review 

On the commodities market, the price for Brent crude ended at $63.73 per barrel, a fall of 0.2% over the course of the week’s trading. The value of gold fell last week closing at $1279.7 per ounce, a drop of 0.92%.

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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