Euro/USD Rallied Following ECB Rate Decision–Daily Recap January 12

The Euro/USD continue to zigzag and during yesterday’s trading it rallied from the previous day’s falls; the recent ECB press conference in which it was announced the Euro interest rate will remain unchanged at 1% along with the reassuring words of ECB President Draghi  may have helped the Euro to rise against the U.S. dollar. Other currencies also appreciation against the U.S. dollar including the Australian dollar and Canadian dollar; the Yen also appreciated against the U.S. dollar. Energy commodities prices such as crude oil prices fell while gold silver prices continued their upward trend.

Here is a summary of the development of major exchange rates for January 12th:

Forex Market:

The Euros to USD exchange rate increased by 0.86% to 1.2815; during January, the EUROS/USD fell by 1.13%. The Australian Dollar to US Dollar also increased by 0.22% and reached 1.0333.

The US dollar to Canadian exchange rate declined by 0.05% on Thursday to 1.0191. During January the USD/CAD exchange rate fell by 0.22%.

The GBP to USD exchange rate slightly rose by 0.03% to reach 1.5333; during the month, the GBP to USD decreased by 1.35%.

The U.S Dollar depreciated against the Yen by 0.12% and reached 76.7597. 

Commodities Market:

Gold price slightly rose on Thursday by 0.49% to $1,647.70. During January, gold price has rose by 5.2%.

WTI spot oil price on the other hand fell by 1.75% and reached $99.10 per barrel; during January the WTI spot oil price added 0.3% 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 12

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