Forex Week in Review
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.