Forex Week in Review


fundamentalGenerally, last week was a negative affair for the world’s major stock exchanges with only the FTSE gaining any ground.

In Europe over the course of the week, the FTSE was on last week’s close by 0.33% at 7326.8; the Dax ended at 13164, down by 0.59% on last week’s close; the CAC was down by 0.78% to end the session at 5819.9.

The Dow ended the week down by 0.46% to close at 27876. The Nasdaq composite index was down by 0.25% over the course of the week at 8540.8.

The Nikkei 225 ended the week’s trading down by 0.82% to end the session at 23113.

On the currency markets last week, the Yen enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2829 to the Pound, a gain of 0.55% on the week. The Greenback was stronger against the Euro last week rising by 0.15% to close at $1.1028 to the Euro.

The Dollar weakened against the Japanese currency closing at 108.7 Yen to the Dollar, making a loss of 0.11% on the week.

The Euro was weaker against the Yen ending at 119.9 a loss of 0.26% over the course of the week. It was stronger against Sterling last week, the close saw one £ buying €1.1633, a rise of 0.4% on the week.

The Euro now buys 1.0994 CHF, a gain of 0.51% on the week.

On the commodities market, the price for Brent crude ended at $63.39 per barrel, a rise of 0.14% over the course of the week’s trading. The value of gold was lower last week closing at $1466.1 per ounce, a fall of 0.2% over the week.

The data that supports this article is drawn from Bloomberg, The Financial Times and X-rates.

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.