Forex Week In Review – Monday, May 22

Last week was a negative affair for the world’s major markets with only the FTSE gaining ground.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.48% at 7470.7; the DAX ended at 12639, down by 1% on last week’s close; the CAC was down by 1.5% to end the session at 5324.4.

The Dow ended the week down by 0.44% to close at 20805. The Nasdaq Composite Index was down by 0.61% over the course of the week at 6083.7.

The Nikkei 225 ended the week’s trading down by 1.5% to end the session at 19591.

Currency markets review

On the currency markets last week the Euro enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3016 to the Pound, a fall of 1.1%. The Greenback weakened against the Euro last week by 2.4% to close at $1.119 to the Euro. The Dollar weakened against the Japanese currency closing at 111.5 Yen to the Dollar, making a loss of 1.6% during the week.

The Euro was stronger against the Yen ending at 124.7, a rise of 0.74% over the course of the week. It made ground against Sterling last week, rising by 1.3%; the close saw one £ buying €1.1632.

The Euro now buys 1.0915 CHF, a fall of 0.18% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $53.61 per barrel, a rise of 5.5% over the course of the week’s trading. The value of gold rose last week closing at $1251.7 per ounce, a gain of 2% on the week.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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