By - Jamel Lahiani
Despite the US-Iranian tensions, Wall Street ended the week by recording a positive variation of 0.66%. In fact, the investors are eased by confirmation of advancement in the US-China trade deal. As a result, the US dollar was appreciated against the Yen and Euro by respectively 0.35% and 1.22%. On the other side, the Bitcoin price realized a positive performance by increasing 11.2% faces to the US dollar. Bitcoin seems to consolidate around 8180.76 US dollars. In African currency markets, The Nigerian (NAIRA) ended last week at 359.00 faces to the US dollar with low variations but the (South Africa) ZAR depreciates faces to the US dollar by -0.39% and ended last week at 14.34818 US dollar.
The commodities markets were characterized by a decline of Crude oil prices by – 6.13%, ending the week at 59.16 US dollars. In fact, the jump of oil prices was evaporated after no real impacts of US Iranian tensions. Investor’s demands were oriented to Gold and Silver leading to positive variations respectively by 0.63% and 0.4% faces to the US dollar.
The last week main markets prices and variations
Market in Focus: 13 January – 18 January 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.
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