Forex Week in Review


Last week was a negative 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 0.96% at 7277.7; the Dax ended at 12011, 1.9% down on last week’s close; the CAC was down by 2.2% to end the session at 5316.5.

The Dow ended the week down by 0.69% to close at 25586. The Nasdaq composite index was down by 2.3% over the course of the week at 7637.

The Nikkei 225 ended the week’s trading down by 0.63% to end the session at 21117.

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 $1.2696 to the Pound, a gain of 0.22% on the week. The Greenback was weaker against the Euro last week, slipping by 0.31% to close at $1.1199 to the Euro.

The Dollar weakened against the Japanese currency closing at 109.4 Yen to the Dollar, making a loss of 0.51% during the week.

The Euro was weaker against the Yen ending at 122.5, a loss of 0.2% over the course of the week. It was stronger against Sterling last week, the close saw one £ buying €1.1337, a gain of 0.52% on the week.

The Euro now buys 1.1222 CHF, a loss of 0.58% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $68.69 per barrel, a fall of 4.9% over the course of the week’s trading. The value of gold was higher last week closing at $1284.8 per ounce, a rise of 0.37% 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.