Forex market reviews

On Monday the 22^nd of April, trading on the euro closed slightly up. An upwards correction restored the pair to 1.1262. As the Easter holidays continued, currency markets got a boost from developments in the oil market. Brent oil rose by 3.5% to 74.50 USD per barrel. This surge was caused by reports that Washington is set to stop providing exemptions from Iranian oil sanctions. This news also pushed the Canadian dollar up, bringing a few other currencies with it.

Most of the majors closed last week down against USD. The Swiss franc fell by 1.15%, the Kiwi dollar by 1.12%, the pound by 0.55%, the euro by 0.49%, the Canadian dollar by 0.49%, and the Aussie dollar by 0.30%. Only the Japanese yen gained ground against the dollar with a rise of 0.08%. Over the course of Good Friday, the euro dropped to 1.1226 before recovering to 1.1248.