EURO/USD Started October Declining– Daily Recap October 3

The EURO/USD continued last week’s downward trend after the Euro Area’s CPI sharply inclined to 3% annual rate in September (compared with an annual CPI rate of 2.5% in August) and yesterday the Euro to US dollar exchange rate sharply declined; the AUD to US dollar also declined. Yesterday, the USD appreciated against other currencies including the GBP and CAD, but the USD depreciated against the YEN. Major commodities prices traded with mixed trend yesterday as the energy commodities declined, while the bullion prices rose. Here is a summary of the price movements of major exchange rates for October 3rd:

Forex Market:

The EURO to US Dollar exchange rate sharply fell yesterday by 1.58% to 1.3176; the Australian dollar to USD declined by 1.40% and reached 0.953. During September, the AUD/USD fell by 9.8%.

The US dollar to Canadian exchange rate slightly rose by 0.42% on Monday to 1.0547. During September the USD/CAD exchange rate inclined by 7.4%.  GBP-USD decreased yesterday by 0.97% to 1.543.

Commodities Market:

Gold price sharply increased yesterday by 2.18% to $1,657. During September, gold price shed 11.4% of its value.

WTI Spot oil price on the other hand declined by 2.01% to $77.61 per barrel; during September the WTI spot oil price fell by 10.8%.

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 EURO USD October 3


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