Forex Week in Review

By: DailyForex.com

Last week was another negative affair for the world’s major stock markets with all of the major markets falling.

In Europe over the course of the week, the FTSE was down on last week’s close by 4.7% at 7092.4; the Dax ended at 12107, 5.3% down on last week’s close; the CAC was down by 5.3% to end the session at 5079.2.

The Dow ended the week down by 5.2% to close at 24191. The Nasdaq composite index was down by 5.1% over the course of the week at 6874.5.

The Nikkei 225 ended the week’s trading down by 8.1% to end the session at 21383.

Currency Markets Review 

On the currency markets last week, the Yen enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.3792 to the Pound, a gain of 2.4% on the week. The Greenback strengthened against the Euro last week by 1.8% to close at $1.2227 to the Euro. The Dollar weakened against the Japanese currency closing at 108.5 Yen to the Dollar, making a loss of 1.7% during the week.

The Euro was weaker against the Yen ending at 132.7, a loss of 3.5% over the course of the week. It made ground against Sterling last week rising by 0.61%, the close saw one £ buying €1.1280.

The Euro now buys 1.1488 CHF, a loss of 0.98% on the week.

Commodities Market Review 

On the commodities market, the price for Brent crude ended at $62.79 per barrel, a fall of 8.4% over the course of the week’s trading. The value of gold fell last week closing at $1314.5 per ounce, a loss of 1.2% 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.