Euro/USD resumed its descent | USD-CAD inclined – September 8

The Euro to US dollar conversion rate changed direction and sharply fell yesterday, after it had risen a day earlier. This decline is in line with ECB announcing yesterday it will keep its interest rates unchanged at 1.5%.  The US unemployment claims report showed a slight increase in initial claims of 2,000; the US dollar also appreciated yesterday against major currencies including the CAD GBP and AUD.  Here is a summary of the price movements of major exchange rates for September 8th:

Forex:

The EURO to US Dollar conversion rate changed direction and sharply fell yesterday by 1.53%, after it had risen a day earlier to 1.3883. During September, the EURO to US Dollar declined by 3.4%.

The US dollar to Canadian exchange rate inclined by 0.64% to 0.9895.

The Australian dollar to US dollar declined by 0.81% to 1.058. During September, the AUD/USD inclined by 1.2%. GBP-USD also fell by 0.21% to 1.596.

Commodities prices:

Gold price sharply rose yesterday by 2.20% to $1,857. During September, gold prices slightly rose by 1.4%.

WTI Spot oil price on the other hand slightly fell by 0.32%; it settled at $89.05 per barrel; during September the WTI spot oil price inclined by 0.3%.

A summary of yesterday’s Prices Changes:

The table below includes: closing prices, daily percent change, and change in prices and indexes:

euro to us dollar conversion canadian exchange rate 2011 September 8

[ratings]

 Monthly Analysis and Outlook:

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