Forex Week In Review – Monday, Dec. 12

Last week was saw all of the major markets trading higher.

In Europe over the course of the week, the FTSE was up on last week’s close by 3.3%, it closed at 6954.2; the Dax ended at 11204, up by 6.6% on last week’s close; the CAC was up by 5.2% to end the session at 4764.1.

The Dow ended the week up by 3.1% to close at 19757. The Nasdaq composite index was up by 3.6% over the course of the week at 5444.5.

The Nikkei 225 ended the week’s trading up by 3.1% to end the session at 18996.

Currency markets review

On the currency markets last week the Dollar enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2581 to the Pound, a gain of 0.79% on the week. The Greenback strengthened against the Euro last week by 1.2% to close at $1.0538 to the Euro. The Dollar was stronger against the Japanese currency, closing at 115.2 Yen to the Dollar, making a gain of 1.3% during the week.

The Euro was slightly stronger against the Yen ending at 121.4, a gain of 0.03% over the course of the week. It lost ground against Sterling last week, falling by 0.45%; the close saw one £ buying €1.1939.

The Euro now buys 1.0735 CHF, a loss of 0.45% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $54.33 per barrel, a loss of 0.24% over the course of the week’s trading. The value of gold fell last week, closing at $1158.4 per ounce, a loss of 1.5% on the week.