The Euro/USD continues to change directions as the uncertainty in the forex markets remains high; on Tuesday the Euro traded up against the U.S. dollar despite the announcement of Standard & Poor’s to downgrade France and eight other EU countries’ credit rating. Other currencies also appreciated against the U.S. dollar such as Australian dollar and Canadian dollar; the Yen also appreciated against the U.S. dollar. Major commodities prices such as crude oil prices and gold price also followed and sharply rose on Tuesday.
Here is a summary of the development of major exchange rates for January 17th:
The Euros to USD exchange rate increased by 0.45% to 1.2737; during January, the EUROS/USD fell by 1.73%. The Australian Dollar to US Dollar also rose by 0.53% and reached 1.0377.
The US dollar to Canadian exchange rate declined by 0.79% on Tuesday to 1.0151. During January the USD/CAD exchange rate fell by 0.61%.
The GBP to USD exchange rate slightly rose by 0.12% to reach 1.5335; during the month, the GBP to USD decreased by 1.34%.
The U.S Dollar depreciated against the Yen by 0.18% and reached 76.8313.
Gold price bounced back on Tuesday and rose by 1.52% to $1,655.60. During January, gold price has increased by 5.7%.
WTI spot oil price also increased by 2.04% and reached $100.71 per barrel; during January the WTI spot oil price added 1.90% to its value.
A Summary of Yesterday’s Exchange Rate Forex Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes:
For further reading: