The currency forex trading experienced many shifts and turns throughout last week as the instability in Europe affected forex traders; this includes the resignation of Silvio Berlusconi that came into action over the weekend and the attempts to from a national unity government in Greece. Despite the many shifts throughout the week, many exchange rates including the Euro/USD and USD/CAD didn’t change much on a weekly scale.
Here is a weekly recap of the main changes in major exchange rates including Euro/USD, USD/CAD, AUD/USD and GBP/USD for the week of November 7th to November 11th 2011:
Currency Forex Trading Weekly Summary:
Euro to US Dollar conversion moderately declined by 0.19% during the week; this week’s average Euro/USD rate reached 1.370, a 0.60% decrease from the previous week’s average of 1.378; the Euro to US dollar conversion finished the week at 1.375. AUD/USD also decreased by 0.99% during the week, and AUD/USD weekly average reached 1.0270, a 1.25% decrease from the previous week’s average of 1.040. During the week, the average daily percent change of AUD/USD was a 0.18% decrease; for the EURO/USD it was a 0.05% declined.
USD/CAD slipped by 0.22% during the week, and this week’s average USD/CAD rate reached 1.015, a 0.26% increase from the previous week’s average of 1.012. The USD/CAD exchange rate reached on Friday 1.010.
Currency Forex Trading In the Charts:
In the chart above are the changes in Euro to US Dollar conversion and GBP/USD during the week of November 7th to November 11th. It shows no clear trend of these forex exchange rates during last week.