Forex Week in Review

Last week was another negative affair for the world’s major markets with the biggest falls in US markets.

In Europe over the course of the week, the FTSE was down on last week’s close by 0.87% at 6952.9; the Dax ended at 11193, 1.3% down on last week’s close; the CAC was down by 1.6% to end the session at 4947.

The Dow ended the week down by 4.4% to close at 24286. The Nasdaq composite index was down by 4.3% over the course of the week at 6939.

The Nikkei 225 ended the week’s trading down by 0.15% to end the session at 21647.

Currency markets review

On the currency markets last week, the Dollar enjoyed the best of the trading (just). The Dollar was stronger against Sterling last week closing at $1.2806 to the Pound, a rise of 0.25% on the week. The Greenback was stronger against the Euro last week, rising by 0.62% to close at $1.1334 to the Euro.

The Dollar strengthened marginally against the Japanese currency closing at 112.85 Yen to the Dollar, making a gain of 0.04% during the week.

The Euro was weaker against the Yen ending at 127.9, a loss of 0.54% over the course of the week. It was weaker against Sterling last week, the close saw one £ buying €1.1299, a loss of 0.37% on the week.

The Euro now buys 1.1308 CHF, down by 0.93% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at
$59.19 per barrel, a fall of 11% over the course of the week’s trading. The value of gold was higher last week closing at $1224.8 per ounce, a rise of 0.32% 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.