The Forex exchange rate market didn’t present many changes on the first day of the week despite the recent news from Europe of the Greek Prime Minister, George Papandreou, stepping down and thus paving the way for the creation of a national unity government that will have a better chance of approving the EU debt plan; the Euro/USD exchanged rate slightly slipped yesterday; the CAD also depreciated against the USD. the US dollar on the other hand depreciated against the GBP and AUD. Here is a summary of the price movements of major exchange rates for November 7th:
The Euros to USD exchange rate slightly declined by 0.12% to reach 1.3776; during November, the EUROS/USD declined by 0.6%; the US dollar to Canadian exchange rate fell by 0.61% on Monday to 1.0126. During November the USD/CAD exchange rate inclined by 1.2%. The US Dollar sharply appreciated against the CHF by 1.81% yesterday and reached 0.901.
Australian Dollar to US Dollar on the other hand moderately rose by 0.04% yesterday and reached 1.038.
The USD to YEN exchange rate also fell by 0.24% to reach 78.049; during November, the USD to YEN declined by 0.2%.
Gold price sharply rose yesterday by 1.99% to $1,791.10. During the month, gold price inclined by 3.8%.
WTI spot oil price also inclined by 1.34% and reached $95.52 per barrel; during November the WTI spot oil price added 2.5% 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:
Monthly Analysis and Outlook: