finacial news last week

The U.S. dollar rose on Monday against global currencies, after a downturn since the start of last week. The dollar index reached to 98.468 or by 0.2% after three-week lowest on Friday. Swiss franc and Japanese yen also firmed slightly against the U.S. dollar on Monday. Sterling also dropped against both the dollar. The news from South Asian exchange market exhibited stability against U.S. dollar. On Monday Indian Rupee appreciated by 28 paise and reached to 70.74 against the US dollar.

On Tuesday 15 October, the dollar gained for a second consecutive day, rose by 0.1%, and reached to 98.55. China’s yuan slipped in offshore markets at 7.0787 against the dollar. sterling trimmed some of its earlier gains. The pound was up 0.3% at $1.2646. the euro failed to get momentum and down by 0.2%. On Wednesday, dollar dwindled across board. Dollar fell by 0.1% and reached to 98.188. Against the yen, the greenback fell 0.1%, while it slipped 0.18% against the Swiss Franc. the Norwegian crown weakened to its lowest since July 2001 at 9.119 per dollar. Australian dollar and the New Zealand dollar also weakened. The kiwi was down 0.64%. Sterling swung around five-month highs amid.

On second-last day of week, dollar fell by 0.4% and reached to 97.496, its lowest since late-August. The euro rallied to its highest levels in nearly two months, rose by 0.5% against the dollar. Sterling surged more than 1%. Norwegian crown weakened to an all-time low of 10.1800 against the euro. On Friday, Sterling fell as much as 0.5% after Britain’s parliament delayed a crucial vote while falls 0.6% in Asian trade. The pound was down 0.4% to $1.2920. The Yen has been weak too, last week hitting a two and half month low. The People’s Bank of China (PBOC) set the midpoint rate at 7.0680 per dollar.

On Monday 14th October, stock market gets increasing momentum as U.S. stocks touched four-week highs.  Nasdaq composite index jumped by 1.2% while S&P 500 touched 3000 for first time in last 20 days. The Dow Jones Industrial Average climbed 0.9% to 27,024.80. Crude oil and gold lost by 1.5% and 0.84%. On Tuesday, stocks were slightly off as S&P 500 closed with down by 0.2% or 5.99 points. Nasdaq composite index lost 24 points while Dow lost 22.82 points. Crude oil and gold recovered and up by 0.85% and 0.69% respectively.

Major U.S. market indexes closed in the negatively on Wednesday. The Dow Jones Industrial Average hit 27,001.98 after losing 0.1%. The S&P 500 finished at 2,989.69 after shedding 0.2%. Finally, Nasdaq Composite, declined by 0.3% and closed at 8124 points. On very next morning stock market slightly up again as S&P 500 gained 8.26 points, Dow up by 23.90 points and Nasdaq index by 32.67 points. Crude oil and gold up consecutively on second by 1.27% and 0.10%.

On the last day of week, S&P 500, Nasdaq and Dow dwindled by 11.75, 67.31 and 255.68 point respectively. Gold disclosed decline of 0.26 percent.

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