The Euro/USD changed direction and on the last day of the week was traded down probably in response to the recent announcement that S&P had downgraded France Austria and several other EU countries’ credit rating. Other currencies also depreciation against the U.S. dollar including the Australian dollar and GB Pound; the Yen also appreciated against the U.S. dollar. Major commodities prices such as crude oil prices and gold price also followed and declined on Friday.
Here is a summary of the development of major exchange rates for January 13th:
Forex Market:
The Euros to USD exchange rate declined by 1.05% to 1.2680; during January, the EUROS/USD fell by 2.17%. The Australian Dollar to US Dollar also fell by 0.11% and reached 1.0322.
The US dollar to Canadian exchange rate increased by 0.40% on Friday to 1.0232. During January the USD/CAD exchange rate rose by 0.19%.
The GBP to USD exchange rate slightly fell by 0.10% to reach 1.5317; during the month, the GBP to USD decreased by 1.45%.
The U.S Dollar appreciated against the Yen by 0.27% and reached 76.9670.
Commodities Market:
Gold price changed direction and traded down on Friday by 1.03% to $1,630.80. During January, gold price has increased by 4.08%.
WTI spot oil price also fell by 0.4% and reached $98.70 per barrel; during January the WTI spot oil price shed 0.13% off 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: