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 12^th to December 16^th 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 12^th to December 16^th. It shows a moderate downward trend for both forex exchange rates during the week.

The second chart presents the daily percent changes of selected forex exchange rates including EURO/USD, GBP/USD, and USD/CAD (or in other words the changes around the trend).

For further reading:

• Gold and Silver Prices Weekly Outlook for December 19-23
• Weekly Outlook for 19-23 December

Previous issues of weekly report:

• Forex Market | Weekly Recap 5-9 December
• Forex Market | Weekly Recap 14-18 November
• Forex Market | Weekly Recap 7-11 November