The Euro to US dollar conversion rate ended the trading yesterday with moderate gains despite the sharp falls it had had at the beginning of the day due to the speculation around a Greek debt default. Bloomberg already suggests that the risk of a Greece default has climbed to 98%. The US dollar also depreciated yesterday against major currencies including the CAD and YEN, but the USD appreciated against the AUD and GBP. Here is a summary of the price movements of major exchange rates for September 12th:
The EURO to US Dollar conversion rate slightly inclined yesterday by 0.16% and reached 1.3679. During September, the EURO to US Dollar declined by 4.8%.
The US dollar to Canadian exchange rate fell by 0.40% to 0.9927.
On the other hand, the Australian dollar to US dollar sharply declined by 1.17% to 1.035. During September, the AUD/USD declined by 3.4%. GBP-USD also fell yesterday by 0.13% to 1.586.
Gold price sharply fell yesterday by 2.48% to $1,813. During September, gold prices slightly decreased by 1.0%.
WTI Spot oil price on the other hand increased by 1.09% to $88.19 per barrel; during September the WTI spot oil price declined by 0.7%.
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: