Forex Week in Review – 19 March 2018

Forex Week in Review – 19 March 2018

Last week was a mixed affair for the world’s major stock markets.

In Europe over the course of the week, the FTSE was down on last week’s close by 0.84% at 7164.1; the Dax ended at 12390, 0.35% up on last week’s close; the CAC was up by 0.16% to end the session at 5282.8.

The Dow ended the week down by 1.5% to close at 24947. The Nasdaq composite index was down by 1% over the course of the week at 7482.

The Nikkei 225 ended the week’s trading up by 0.97% to end the session at 21677.

Currency markets review

On the currency markets last week, the Yen enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3946 to the Pound, a loss of 0.24% on the week. The Greenback strengthened against the Euro last week by 0.24% to close at $1.2296 to the Euro. The Dollar weakened against the Japanese currency closing at 106 Yen to the Dollar, making a loss of 0.7% during the week.

The Euro was weaker against the Yen ending at 130.3, a loss of 0.97% over the course of the week. It lost ground against Sterling last week falling by 0.84%, the close saw one £ buying €1.1341.

The Euro now buys 1.1708 CHF, a gain of 0.06% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $66.21 per barrel, a rise of 1.1% over the course of the week’s trading. The value of gold fell last week closing at $1310.1 per ounce, a loss of 0.86% on the week and over the month.

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