Here is a weekly recap of the development of major exchange rates including Euro/USD, USD/CAD, AUD/USD and GBP/USD for the week of December 12th to December 16th 2011:
Currency Forex Trading Weekly Summary:
Euro to US Dollar exchange rate declined by 1.08% during the week; this week’s average Euro/USD rate reached 1.305, a 2.5% decrease from the previous week’s average of 1.3388; the Euro to US dollar conversion finished the week at 1.305. AUD/USD also dropped by 0.89% during the week, and AUD/USD weekly average reached 0.998, a 2.52% decrease from the previous week’s average of 1.024. During the week, the AUD/USD declined by an average daily percent of 0.46%; the EURO/USD decreased by an average of 0.51%.
USD/CAD rose by 1.10% during the week, and this week’s average USD/CAD rate reached 1.035, a 1.93% increase from the previous week’s average of 1.015. The USD/CAD exchange rate reached on Friday 1.038. Finally the GBP/USD slightly declined during the week by 0.25% and its average weekly rate also dropped by 0.86%.
Currency Forex Trading In the Charts:
The first chart shows the development of the Euro to US Dollar conversion and GBP/USD during the week of December 12th to December 16th. It shows a moderate downward trend for both forex exchange rates during the week.
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Previous issues of weekly report: