By - Jamel Lahiani
Wall Street ended the week by recording positive variation of 0.43%. In fact, the investors are eases by news that the US had reached a deal in principle with China to resolve a trade war that has rattled markets for nearly two years. Concerning currencies, the British election has positive impact to the GBP that wins 1.5% face to the US dollar. The US dollar loses face to the Euro 0.57% and wins face to Japanese Yen 0.7%. In the other side, the Bitcoin price realized a negative performance by decreasing -5.44% faces to the US dollar. In African currency markets, The Nigerian (NAIRA) was stable with 360.00 as parity face to the US dollar but the (South Africa) ZAR appreciates faces to the US dollar by 0.52%.
The commodities markets were characterized by an increase of gold price face to the US dollar by 1.09% and an increase of the Crude oil price for the second week by 1.11% to record a level of 59.768 US dollar.
The last week main markets prices and variations
Market in Focus: 16 December – 21 December 2019
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.
Copyright © MMXVI - MMXX. Africa 360 Degrees | African Economics | Business | and Political affairs 360 degrees coverage | Independent | Analysis | Insight | africa360degrees.com. All Rights Reserved.