The Euro to US dollar conversion rate bounced back from a five day stretch of falls as the US dollar depreciated against major currencies including the Euro, CAD and AUD. Bank of Canada kept its overnight rate unchanged at 1%. Here is a summary of the price movements of major exchange rates for September 7th:
The EURO to US Dollar conversion rate changed direction and rose yesterday by 0.71%, after it had fallen for five straight business days. During September, the EURO to US Dollar declined by 1.90%.
The US dollar to Canadian exchange rate declined by 0.75% to 0.9832.
The Australian dollar to US dollar sharply inclined by 1.70% to 1.066. During September, the AUD/USD inclined by 0.8%.
Gold price sharply fell yesterday by 2.97% to $1,817. During September, gold prices slightly slipped by 0.8%.
WTI Spot oil price on the other hand bounced back with a 3.86% rise; it settled at $89.34 per barrel; during September the WTI spot oil price inclined by 0.6%.
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: