The USD shifted direction and slipped on the last day of trading for the week as the Forex markets recuperated from the sharp appreciation of the US dollar as the FOMC announced it will purchase $400 billion long term securities. Euro to US dollar conversion rate slightly inclined yesterday; the AUD to US dollar also increased. Yesterday, the USD depreciated against other currencies including the GBP and CHF. Major commodities prices plummeted yesterday. Here is a summary of the price movements of major exchange rates for September 23rd:
The EURO to US Dollar conversion rate increased yesterday by 0.27% to 1.3501; during September, the EURO to US Dollar declined by 6.0%. US dollar to Canadian exchange rate slightly declined by 0.03% on Friday to 1.0281. During September this exchange rate inclined by 5.2%.
The Australian dollar to USD inclined by 0.38% and reached 0.978. During September, the AUD/USD fell by 8.7%. GBP-USD also increased yesterday by 0.68% to 1.545.
Gold price sharply precipitately decreased yesterday by 5.85% to $1,639. During September, gold price decreased by 10.5%.
WTI Spot oil price also declined by 0.85% to $79.58 per barrel; during September the WTI spot oil price declined by 10.5%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes:
For further reading:
Monthly Analysis and Outlook: