The Euro to US dollar conversion rate fell again as the US dollar appreciated against major currencies including the CAD and at a very sharp rate – the CHF. The rapid fall of the CHF was promo the recent decision of the Swiss National Bank to set a minimum exchange rate of 1.20 per Euro. The encouraging PMI non-manufacturing report also helped the US dollar to appreciate against major currencies including the Euro. Here is a summary of the price movements of major exchange rates for September 6th:
The EURO to US Dollar conversion rate decreased for the fifth straight business day; yesterday by 1.46% – i.e. the USD appreciated against the EURO. During September, the EURO to US Dollar declined by 2.58%.
The US dollar to Canadian exchange rate inclined by 0.54% to 0.9906.
Gold price slightly fell yesterday by 0.19% to $1,873. During September, gold prices increased by 2.3%.
WTI Spot oil price declined by 0.50%; it settled at $86.02 per barrel; during September the WTI spot oil price declined by 3.1%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes:
Monthly Analysis and Outlook:
- Gold and silver prices outlook for September 2011
- Oil prices Monthly outlook – September 2011
- Natural gas prices outlook for September 2011