Dollar Keeps Rising

September 29, 2014

Last Friday the world’s financial markets closed mixed. As such, in Europe the British FTSE 100 grew 0.28 percent up to 6,658.29 points, the German DAX fell 0.20 percent down to 9,490.55 points while the French CAC 40 advanced 0.91 percent up to 4,394.75 points.

In Russia, the MICEX index dropped 0.13 percent down to 1,434.20 points and the RTS index – 1.65 percent down to 1,156.15 points.

In the United States, the Dow Jones grew 0.99 percent up to 17,113.15 points, the S&P 500 gained 0.86 percent up to 1,982.85 points, and the NASDAQ added 1.02 percent reaching 4,512.19 points.

On the NYMEX, price quotations of WTI oil futures for November went up by $1.01 making $93.54 a barrel. On London’s ICE, the November Brent oil future finished trading at $97 a barrel.

On the global Forex market, EUR/USD closed below 1.27. Nonetheless, one can expect the pair to experience a correction in the range of the current rates.

Anna Gorenkova, NordFX Analyst


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