US Dollar Depreciated Against Major Currencies– Daily Recap October 10

The EURO/USD sharply inclined yesterday following the renewed optimism in financial markets over the Europe bank pledge. The US dollar fell against other major currencies including the CAD, AUD and GBP. Most of the major commodities prices sharply inclined yesterday over the weak US dollar. Here is a summary of the price movements of major exchange rates for October 10th:

Forex Market:

The EURO to US Dollar exchange rate sharply inclined by 1.97% to reach 1.3642; during October, the EURO/USD inclined by 1.9%; the Australian dollar to USD also inclined by 2.25% yesterday and reached 0.999.

The US dollar to Canadian exchange rate decreased by 1.32% on Monday to 1.0258. During October the USD/CAD exchange rate declined by 2.3%.  GBP-USD increased yesterday by 0.68% to 1.567.

Commodities Market:

Gold price sharply inclined yesterday by 2.14% to $1,670. During October, gold price inclined by 3.0%.

WTI Spot oil price also sharply increased by 2.93% to $85.41 per barrel; during October the WTI spot oil price increased by 4.3%.

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 EURO USD October 10

[ratings]

 For further reading:

Monthly Analysis and Outlook:

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