By - Jamel Lahiani
Last week, the nonfarm payrolls and the average hourly earnings published by the US Bureau of Labor Statistics showing a significant positive evolution in the US labor market. More, the receding fears from
the coronavirus outbreak as the world health organization considered coronavirus hasn’t worldwide impact. This leading the stocks market to bloom as follows: Dow Jones, DAX30 and Nikkei 225, respectively 3 %, 4.18 %, and 2.68%. As a result, the US dollar was appreciated face to the Yen and the British pound and recovered face to the Euro.
On the other side, the Bitcoin price realized a positive performance by increasing 8.55% face to the US dollar. Bitcoin was fluctuating around 10120.00 US dollars. In African currency markets, The Nigerian NAIRA recognized a small decline face to the US dollar and closed the week at 361.00 US dollar face to the US dollar. The South Africa ZAR was depreciated face to the US dollar by 0.52% and closed last week at 15.06778 US dollar.
The commodities market was characterized by the Crude oil price falls by – 2.23%, ending last week at 50.40 US dollars. Also, the Gold price falls by -1.23 and ended last week at 1570.384 US dollar due to the orientation of investors to the stocks market.
The last week main markets prices and variations
Market in Focus: 10 February – 14 February 2020
We have a list of high impact events this week. The publication of the events can leads to a strong movement or a trend for the related currencies. The discussion of the events impacts will be done within the daily FOREX report.
The publications that have a very significant theoretic impact are:
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