Forex Week in Review- Sept. 1, 2014

By DailyForex | Updated September 01, 2014 AAA

By: DailyForex.com

Last week saw all of the major stock markets making ground with the sole exception of the Nikkei which slipped back.

In Europe over the course of the week, the FTSE was up by 0.66%, it closed at 6819.8; the Dax ended at 9470.2, up by 1.4% on last week’s close; the CAC was up by 3% to end the session at 4381.0.

The Dow ended the week up by 0.57% to close at 17098. The Nasdaq composite index ended up by 0.92% over the course of the week at 4580.3.

The Nikkei 225 ended the week’s trading down by 0.74% to end the session at 15425.

Currency Markets Review

On the currency markets last week, Sterling saw the best of some very flat trading. The Dollar was weaker against Sterling last week, just, closing at $1.6586 to the Pound; a fall of 0.08% over the week. The Greenback strengthened against the Euro last week by 0.61% to close at $1.3151 to the €. The Dollar was fractionally weaker against the Japanese currency, closing at 104 Yen to the Dollar, making a loss of 0.01% during the week.

The Euro weakened against the Yen ending at 136.7, a loss of 0.7% over the course of the week. It lost ground against Sterling last week falling by 0.7%; the close saw one £ buying €1.2612.

Commodities Market Review

On the commodities market, the price for Brent crude ended higher at $103.2 per barrel (for October delivery), a gain of 0.55% over the course of the week’s trading. The value of gold was higher last week, closing at $1285.8 per ounce, a gain of 0.67.

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