Dollar at a Standstill

September 17, 2014

Yesterday world financial markets closed mainly in the black, except for European indices: Britain’s FTSE 100 fell 0.18 percent down to 6,792.24 points, Germany’s DAX dropped 0.28 percent down to  9,632.93 points, and France’s CAC 40 shed 0.44 percent reaching 4,409.15 points.

On the Russian floor, the MICEX index grew 1.59 percent finishing trading at 1,477.31 points while the RTS index advanced 0.61 percent up to 1,202 points.

American indices are on the rise too – the Dow Jones Industrial Average gained 0.59 percent going up to 17,131.97 points, the NASDAQ Composite grew 0.75 percent up to 4,552.76 points, and the S&P 500 BMI also advanced 0.75 percent up to 1,998.98 points.

In light of OPEC announcements about a possible decrease of oil production in 2015, oil prices started to climb up – the NYMEX price of WTI oil futures for October went up by $1.96 at once making $94.88 a barrel while the London ICE saw the October Brent oil future go up by $1.17 and reach $99.05 a barrel.

On the Forex market, there’re no new developments with EUR/USD so far.

Anna Gorenkova, NordFX Analyst

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