Forex Week in Review


Last week was another positive affair for the world’s major stock markets.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.19% at 7345.8; the Dax ended at 12096, 0.42% up on last week’s close; the CAC was up, just, by 0.07% to end the session at 5367.6.

The Dow ended the week up by 0.41% to close at 26090. The Nasdaq composite index was up by 0.71% over the course of the week at 7796.7.

The Nikkei 225 ended the week’s trading up by 1.1% to end the session at 21117.

Currency markets review

On the currency markets last week, the Dollar enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2598 to the Pound, a gain of 1.1% on the week. The Greenback was stronger against the Euro last week, rising by 0.98% to close at $1.1216 to the Euro.Forex Markets

The Dollar strengthened against the Japanese currency closing at 108.4 Yen to the Dollar, making a gain of 0.27% during the week.

The Euro was weaker against the Yen ending at 121.6, a loss of 0.73% over the course of the week. It was stronger against Sterling last week, the close saw one £ buying €1.1233, a gain of 0.14% on the week.

The Euro now buys 1.1206 CHF, a gain of 0.17% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $62.01 per barrel, a fall of 2% over the course of the week’s trading. The value of gold was unchanged last week closing at $1340 per ounce.

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.