Forex Week in Review

Last week was a negative affair for the world’s major stock markets with all the major markets closing lower; only just so in the case of the FTSE.

In Europe over the course of the week, the FTSE was down on last week’s close by 0.03% at 71064.3; the Dax ended at 11458, 1.2% down on last week’s close; the CAC was down by 0.65% to end the session at 5231.2.

The Dow ended the week down by 2.2% to close at 25450. The Nasdaq composite index was down by 2.5% over the course of the week at 7408.1.

The Nikkei 225 ended the week’s trading down by 2.7% to end the session at 21026.

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 $1.3017 to the Pound, a gain of 1.6% on the week. The Greenback was stronger against the Euro last week, rising by 1.2% to close at $1.1243 to the Euro.

The Dollar weakened against the Japanese currency closing at 111.1 Yen to the Dollar, making a loss of 0.67% during the week.

The Euro was weaker against the Yen ending at 124.9, a loss of 1.9% over the course of the week. It was stronger against Sterling last week, the close saw one £ buying €1.1578, a gain of 0.38% on the week.

The Euro now buys 1.1326 CHF, a loss of 0.31% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $65.74 per barrel, a rise of 1% over the course of the week’s trading. The value of gold was higher last week closing at $1297.2 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.