The Euro Kept Falling Against the USD – Daily Recap November 1

The Forex exchange rate market continued to present high volatility as the concerns over the Greek debt reemerged as the Greek Prime Minister Papandreou said he will submit the EU’s debt resolution deal for a national referendum.   This vote was approved yesterday in the Greek parliament. The Forex market soon followed as major currencies fell against the USD: the Euro/USD exchanged rate FELL; the US dollar also appreciated against the AUD and YEN. Major commodities prices continued their decline. Here is a summary of the price movements of major exchange rates for November 1st:

Forex Market:

The Euros to USD exchange rate sharply declined by 1.12% to reach 1.3703; during the week, the EUROS/USD declined by 3.1%; the Australian Dollar to US Dollar also fell by 1.91% yesterday and reached 1.033.

The US dollar to Canadian exchange rate rose by 1.96% on Tuesday to 1.0204. During the week the USD/CAD exchange rate declined by 3.5%. The US Dollar depreciated against the British Pound by 0.86% yesterday and reached 1.595.

The USD to YEN exchange rate slightly rose by 0.26% to reach 78.373; during the week, the USD to YEN inclined by 2.9%.

Commodities Market:

Gold prices decreased yesterday by 0.78% to $1,711.80. During the week, gold prices declined by 2.0%.

WTI spot oil price also slipped by 1.07% and reached $92.19 per barrel; during the week the WTI spot oil price shed 1.2% 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:

Exchange Rate Forex euro to us dollar conversion 2011 EURO USD November 1

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