Following the news of EU leaders agreeing on how to deal with the debt crisis, and the U.S. GDP growth rate reaching 2.5%, the forex markets soon followed as the USD sharply depreciated against major currencies: the Euro/USD exchanged rate sharply rose yesterday; the US dollar sharply depreciated against the Canadian dollar and the AUD and GBP. Major commodities prices sharply rose yesterday, and the American stock markets also sharply inclined. Here is a summary of the price movements of major exchange rates for October 27th:
The Euros to USD exchange rate sharply inclined by 2.04% to reach 1.4189; during October, the EUROS/USD inclined by 6.0%; the Australian Dollar to US Dollar sharply rose by 3.17% yesterday and reached 1.073.
The US dollar to Canadian exchange rate fell by 1.32% on Thursday to 0.9909. During October the USD/CAD exchange rate declined by 5.7%. The US Dollar also fell against the British Pound by 0.78% yesterday and reached 1.610.
Gold price sharply increased yesterday by 1.40% to $1,747. During October, gold price inclined by 7.7%.
WTI spot oil price also rose by 4.17% and reached $93.96 per barrel; during October the WTI spot oil price added 14.8% to its value.
A Summary of Yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes:
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