The Euro to US dollar conversion rate continued to freefall and ended yesterday with another sharp decline. This decline is in line with ECB announcing a couple of days back to keep its interest rates unchanged at 1.5%. The US dollar also appreciated yesterday against major currencies including the CAD, GBP and CHF. Here is a summary of the price movements of major exchange rates for September 9th:
Forex:
The EURO to US Dollar conversion rate sharply fell again yesterday by 1.63% and reached 1.3657; this was the second consecutive day the EURO/USD has traded down. During September, the EURO to US Dollar declined by 5.0%.
The US dollar to Canadian exchange rate inclined by 0.73% to 0.9967.
The Australian dollar to US dollar declined by 1% to 1.047. During September, the AUD/USD declined by 2.2%. GBP-USD also fell yesterday by 0.47% to 1.588.
Commodities prices:
Gold price slightly rose yesterday by 0.11% to $1,859. During September, gold prices slightly increased by 1.5%.
WTI Spot oil price on the other hand fell by 2.03%; it settled at $87.24 per barrel; during September the WTI spot oil price declined by 1.8%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes:
[ratings]
Monthly Analysis and Outlook:
[...] The EURO to US Dollar exchange rate sharply fell again yesterday by 1.63% to 1.3657 – i.e. the USD appreciated against the EURO. During September, the EURO to US Dollar declined by 4.96%. This drop is after the ECB decided to keep its interest rates unchanged at 1.5%. [...]
[...] In Forex NRG I present the recent daily changes in the Euro/USD; [...]