Forex Week In Review – 5/9/2016

Last week was another negative affair for the world’s major markets.

In Europe over the course of the week, the FTSE was down by 1.9%, it closed at 6125.7; the DAX ended at 9870, down by 1.7% on last week’s close; the CAC was down by 2.9% to end the session at 4301.2.

The Dow ended the week down by 0.18% to close at 17741. The Nasdaq Composite Index ended down by 0.82% over the course of the week at 4736.2.

The Nikkei 225 ended the week’s trading down by 3.4% to end the session at 16107.

Currency markets review

On the currency markets last week the Yen enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.4437 to the Pound, a rise of 1.3% on the week. The Greenback strengthened against the Euro last week by 0.23% to close at $1.1419 to the €. The Dollar was weaker against the Japanese currency, closing at 106.7 Yen to the Dollar, making a loss of 0.2% during the week.

The Euro was weaker against the Yen ending at 121.8, a loss of 0.44% over the course of the week. It made ground against Sterling last week, rising by 1.1%; the close saw one £ buying €1.2649.

The Euro now buys 1.1075 CHF, a rise of 0.86% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $45.37 per barrel, a fall of 4.2% over the course of the week’s trading. The value of gold was lower last week, closing at $1289.5 per ounce, a loss of 0.32% on the week.