The oil prices rose on Friday, the end of the week on gains, while
the European currency continued to decline against the dollar for the
fifth straight session to hit its lowest level in three weeks, and the
first gold record weekly loss in four weeks influenced the rise of the
dollar.
With the decline in expectations that an agreement on Iran’s nuclear program will result in a quick return to more Iranian crude exports to the markets, Brent crude oil in the European New York $ 1.30 a barrel to $ 57.87, as US light crude rose 85 cents to $ 51.64.
After the loss last week, Brent ends this week, up to the third week of gains in four weeks, while US crude record fourth consecutive week of gains.
Harry Tchilinguirian, expert commodity markets strategy and oil Bank (BNP Paribas) Said, “the latest agreement with Iran does not open the floodgates in front of a big return of Iranian oil to the market as was feared by many.”
About the Euro:
The European single currency continued to fall a fifth straight session against the dollar, hitting its lowest level in three and a half weeks, as investors buy the US currency and the Japanese yen, amid falling European interest rates.
While the ECB to take action to ease monetary policy through a program of bond purchases, the Federal Reserve (the US central) tends to increase the rate of interest after he had finished his massive monetary stimulus credited in helping to support the growth of the world’s largest economy.
The European currency ended the week on a loss of 3.38% in its worst weekly performance against the greenback since September 2011.
About the English Pound:
The sterling pound got a drop of 1.89% to become its rate $ 1.4637.
About the Gold:
With the rise of the dollar, the price of gold fell in the whole week about 0.3%, and arrived on Friday to $ 1204.60 an ounce.
With the decline in expectations that an agreement on Iran’s nuclear program will result in a quick return to more Iranian crude exports to the markets, Brent crude oil in the European New York $ 1.30 a barrel to $ 57.87, as US light crude rose 85 cents to $ 51.64.
After the loss last week, Brent ends this week, up to the third week of gains in four weeks, while US crude record fourth consecutive week of gains.
Harry Tchilinguirian, expert commodity markets strategy and oil Bank (BNP Paribas) Said, “the latest agreement with Iran does not open the floodgates in front of a big return of Iranian oil to the market as was feared by many.”
About the Euro:
The European single currency continued to fall a fifth straight session against the dollar, hitting its lowest level in three and a half weeks, as investors buy the US currency and the Japanese yen, amid falling European interest rates.
While the ECB to take action to ease monetary policy through a program of bond purchases, the Federal Reserve (the US central) tends to increase the rate of interest after he had finished his massive monetary stimulus credited in helping to support the growth of the world’s largest economy.
The European currency ended the week on a loss of 3.38% in its worst weekly performance against the greenback since September 2011.
About the English Pound:
The sterling pound got a drop of 1.89% to become its rate $ 1.4637.
About the Gold:
With the rise of the dollar, the price of gold fell in the whole week about 0.3%, and arrived on Friday to $ 1204.60 an ounce.
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