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Dollar Continues to Rise

NordFX

Yesterday world financial markets finished in a varied way. European equity trading resulted in the French CAC 40 growing 0.5 percent up to 4,431.41 points, the German DAX 30 gaining 0.3 percent up to 9,661.50 points but the British FTSE 100 falling 0.17 percent down to 6,780.90 points.

On the Russian floor, the MICEX index dropped 1.89 percent finishing trading at 1,449.37 points while the RTS index fell 0.99 percent down to 1,190.10 points.

In the USA, the Dow Jones added 0.59 percent reaching 17,131.97 points, the S&P 500 grew 0.75 percent up to 1,998.98 points, and the NASDAQ advanced на 0.75 percent up to 4,552.76 points.

On the NYMEX, the price of WTI oil futures for October went down by $0.46 making $94.42 a barrel. On London’s ICE, the October Brent oil future fell by $0.08 and made $98.97 a barrel.

The dollar started to go up again yesterday. Its target is 1.2780.

Anna Gorenkova

NordFX Analyst

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