UFX Weekly Forex Currency Trading News 20-March-2016

The US Dollar had a positive day on Friday. The EUR/USD dropped by 48 pips, resulting in an exchange rate of $1.1270. The GBP/USD also dropped slightly by 6 pips, closing at $1.4476. Also slipping on Friday was the AUD/USD, with a 41 pip drop down to $0.7608.

The USD/CAD recorded a 28 pip boost, ending the week at $1.3004CAD. Taking note was the USD/JPY and a 0.14% price increase, closing at an exchange rate of ¥111.5500.

After some positive movement in recent weeks, Crude Oil slipped a bit. Barrels of Brent Oil dropped by 0.82%, closing at a $41.20 price point. Dropping under the $40 mark was West Texas Intermediate, losing 1.89%, down to $39.44 a barrel.

Friday wasn’t positive for gold either. An ounce of Gold Spot gold dropped in value by 0.20%, selling at $1,255.40. Comex Gold’s prices also slipped, dropping by 0.85%, down to $1,254.30 an ounce.

Major US indices all saw positive moment before the market closed. The DOW Jones rose in value by 0.69%, up to 17,602.30. The S&P 500 is also up, with a 0.44% rise, ending the week at a value of 2,047.58. And lastly, the NASDAQ Went up by 0.43%, closing Friday at a value of 4,795.65.