EURO/USD Declined again –Daily Recap November 16

The Euro/USD continued to fall as it did in the past several days with respect to the ongoing European debt crisis hovering over the stability of the financial markets. Other Forex currencies also declined against the US dollar including the British Pound, Australian dollar and Canadian currency exchange; the Yen also depreciated against the US dollar. Here is a summary of the price movements of major exchange rates for November 16th:

Forex Market:

The Euros to USD exchange rate declined by 0.56% to reach 1.3464; during November, the EUROS/USD declined by 2.8%; the US dollar to Canadian exchange rate rose by 0.34% on Wednesday to 1.0246. During November the USD/CAD exchange rate rose by 2.4%. Australian Dollar to US Dollar slipped by 0.94% yesterday and reached 1.008. The GBP to USD exchange rate also fell by 0.57% to reach 1.573; during November, the GBP to USD shed 2.2% off its value.

The US Dollar also appreciated against the CHF by 0.49% yesterday and reached 0.920.

Commodities Market:

Gold price slightly fell on Wednesday by 0.44% to $1,774.30. During November, gold price inclined by 2.8%.

WTI spot oil price on the other hand sharply inclined by 3.24% and reached $102.59 per barrel; during November the WTI spot oil price added 10.1% 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 2011 EURO USD November 16

For further reading:

 

Monthly Analysis and Outlook:

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