Forex Week in Review
In Europe over the course of the week, the FTSE was down on last week’s close by 1.6% at 7161.7, ending the month down by 3%; the Dax ended at 11727, 2.4% down on last week’s close and slipping 5.5% in May; the CAC was down by 2.1% to end the session at 5207.6, ending the month 6.2% lower.
The Dow ended the week down by 3% to close at 24815, it lost 6.4% in May. The Nasdaq composite index was down by 2.4% over the course of the week at 7453.2, ending the month down by 8.7%.
The Nikkei 225 ended the week’s trading down by 2.4% to end the session at 20601, falling by 7.5% in May.
Currency markets review
On the currency markets last week, the Yen again enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2622 to the Pound, a gain of 0.58% on the week and 3.9% over the month of May. The Greenback was stronger against the Euro last week, rising by 0.41% to close at $1.1153 to the Euro, making 0.31% over the month.
The Dollar weakened against the Japanese currency closing at 108.6 Yen to the Dollar, making a loss of 0.77% during the week and 2.4% over the month.
The Euro was weaker against the Yen ending at 121.2, a loss of 1.3% over the course of the week and 3.3% in May. It was stronger against Sterling last week, the close saw one £ buying €1.1318, a gain of 0.17% on the week and 3.6% in May.
The Euro now buys 1.1188 CHF, a loss of 0.3% on the week and 1.7% in May.
Commodities market review
On the commodities market, the price for Brent crude ended at $61.99 per barrel, a fall of 9.8% over the course of the week’s trading and 13% over the month. The value of gold was higher last week closing at $1305.5 per ounce, a rise of 1.6% on the week and 2.2% on the month.