CAD Sharply Fell on Weak Labor Report –Recap November 4

The Forex exchange rate market made a change in direction as most of the major currencies depreciated against the USD despite the positive US labor report, probably due to the speculation of the future of Greece in the EU; the Euro/USD exchanged rate slightly declined; the US dollar also appreciated against the GBP and AUD. The negative Canadian employment report may have helped pull down the CAD against the USD. Here is a summary of the price movements of major exchange rates for November 4th:

Forex Market:

The Euros to USD exchange rate declined by 0.22% to reach 1.3792; during the month, the EUROS/USD declined by 0.5%; the Australian Dollar to US Dollar also fell by 0.40% yesterday and reached 1.038.

The US dollar to Canadian exchange rate sharply rose by 1.20% on Friday to 1.0188. During November the USD/CAD exchange rate inclined by 1.8%. The US Dollar appreciated against the CHF by 0.79% yesterday and reached 0.885.

The USD to YEN exchange rate also rose by 0.23% to reach 78.240; during the month, the USD to YEN inclined by 0.1%.

Commodities Market:

Gold price slightly slipped yesterday by 0.51% to $1,756.10. During the month, gold price inclined by 1.8%.

WTI spot oil price on the other hand inclined by 0.20% and reached $94.26 per barrel; during November the WTI spot oil price added 1.1% to its value.

A Summary of Yesterday’s Exchange Rate Forex Changes:

The table below includes: closing prices, daily percent change, and change in prices and indexes:

 

Exchange Rate Forex euro to us dollar conversion 2011 EURO USD November 4

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