Forex Week in Review – May 30, 2011
Last week saw the world’s major stock exchanges again all close lower for the fourth week in a row, with no exceptions this time. In Europe over the course of the week, the FTSE fell by 0.16%, closing at 5938.9 and losing 0.63 over the month; the Dax shed a further 1.4% to close at 7163.5, dropping by 4.4% over the course of the month; the CAC weakened by 1% to end the session at 3951, losing 2.6% in May.
The Dow ended the week down by 0.56% finishing the trading session at 12441.6; a slip of 1.6% over the month. The Nasdaq ended the week down by 0.23% to close at 2796.9 a fall of 1.1% over the month.
The Nikkei declined over the course of the week, dipping by 0.89% to end the trading session at 9521.9; a loss of 3.4% over the course of the month.
On the currency markets last week, Sterling had the best of the trading. T