Forex Week in Review

Last week was a negative affair for the world’s major stock markets with all of the major markets falling.

In Europe over the course of the week, the FTSE was down on last week’s close by 2.9% at 7443.4; the Dax ended at 12785, 4.2% down on last week’s close; the CAC was down by 3% to end the session at 5365.

The Dow ended the week down by 4.1% to close at 25521. The Nasdaq composite index was down by 3.5% over the course of the week at 7241.

The Nikkei 225 ended the week’s trading down by 1.5% to end the session at 23275.

Currency markets review

On the currency markets last week, the Euro enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.4128 to the Pound, a gain of 0.36% on the week. The Greenback weakened against the Euro last week by 0.18% to close at $1.2448 to the Euro. The Dollar strengthened against the Japanese currency closing at 110.4 Yen to the Dollar, making a gain of 1.9% during the week.

The Euro was stronger against the Yen ending at 137.5, a gain of 2% over the course of the week. It made ground against Sterling last week rising by 0.54%, the close saw one £ buying €1.1350.

The Euro now buys 1.1602 CHF, a loss of 0.04% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $68.58 per barrel, a fall of 2.8% over the course of the week’s trading. The value of gold fell last week closing at $1329.8 per ounce, a loss of 1.6% on the week.

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