Euro/USD Changed Direction and Fell–Daily Recap January 11

The Euro/USD changed direction and moderately declined yesterday after it had increased for the past couple of days; other currencies also depreciation against the U.S. dollar including the GB Pound and Canadian dollar; the Yen also appreciated against the U.S. dollar. Energy commodities prices such as crude oil prices declined while gold price and silver price continued to rise during yesterday’s trading day. Today ECB and BOE will decide on their respective basic interest rate for the month. U.S. unemployment claims weekly update will also be published.

Here is a summary of the development of major exchange rates for January 11th:

Forex Market:

The Euros to USD exchange rate slightly declined by 0.56% to 1.2706; during January, the EUROS/USD fell by 1.97%. The Australian Dollar to US Dollar also slightly declined by 0.04% and reached 1.031.

The US dollar to Canadian exchange rate increased by 0.41% on Wednesday to 1.0196. During January the USD/CAD exchange rate fell by 0.17%.

Commodities Market:

Gold price rose on Wednesday by 0.50% to $1,639.60. During January, gold price has increased by 4.65%.

WTI spot oil price on the other hand decreased by 1.34% and reached $100.87 per barrel; during January the WTI spot oil price added 2.06% 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:

Exchange Rate Forex euro to us dollar conversion 2012 EURO USD January 11

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