Euro Continues to Fall

March 9, 2015

Last Friday the world’s financial markets closed with a drop for the most part. Some European trading floors posted a rise, though – the German DAX grew 0.41 percent up to 11,550.97 points, the French CAC 40 gained 0.02 percent going up to 4,964.35 points whereas the British FTSE 100 fell 0.71 percent to 6,911.80 points.

In Russia, the MICEX index dropped 1.82 percent down to 1,728.55 points, and the RTS index shed 0.98 percent getting to 903.45 points.

In the USA, the Dow Jones fell 1.54 percent down to 17,856.78 points, the S&P 500 dropped 1.42 percent down to 2,071.26 points, and the NASDAQ lost 1.11 percent reaching 4,927.37 points.

On the NYMEX, the price of WTI oil futures for April went down by $1.04 and made $49.72 a barrel. On London’s ICE, the cost of Brent oil futures for April delivery rose by $0.66 and ended up at $59.82 a barrel.

On the Forex market, the euro posted a further fall against the dollar. EUR/USD may reach 1.0650.

Anna Gorenkova, NordFX Analyst

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