Forex Week in Review

Sunday, 10 June 2018 20:00

Last week was a mixed affair for the world’s major stock markets.

In Europe over the course of the week, the FTSE was down on last week’s close by 0.27% at 7681.1; the Dax ended at 12767, 0.34% up on last week’s close; the CAC was down by 0.28% to end the session at 5450.2.

The Dow ended the week up by 2.8% to close at 25317. The Nasdaq composite index was up by 1.2% over the course of the week at 7645.5.

The Nikkei 225 ended the week’s trading down up 2.3% to end the session at 22695.

Currency markets review

On the currency markets last week, the Euor enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3405 to the Pound, a fall of 0.36% on the week. The Greenback was weaker against the Euro last week falling by 0.8% to close at $1.1771 to the Euro. The Dollar was essentially unchanged against the Japanese currency closing at 109.5 Yen to the Dollar, making a loss of 0.03% during the week.

The Euro was stronger against the Yen ending at 128.8, a gain of 0.72% over the course of the week. It made ground against Sterling last week rising by 0.43%, the close saw one £ buying €1.1388.

The Euro now buys 1.1608 CHF, up by 0.73% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $76.46 per barrel, a fall of 0.43% over the course of the week’s trading. The value of gold rose last week closing at $1298.5 per ounce, a rise of 0.43% 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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