The Euro continued to rally and ended the week rising as the concerns over the recent instability in Italy have subsided for now. Other Forex currencies also rallied against the US dollar including the CHF, YEN and Australian dollar. Here is a summary of the price movements of major exchange rates for November 11th:
The Euros to USD exchange rate inclined by 1.06% to reach 1.375; during November, the EUROS/USD declined by 0.8%; the US dollar to Canadian exchange rate fell by 0.64% on Friday to 1.0169. During November the USD/CAD exchange rate inclined by 1.0%. Australian Dollar to US Dollar rose by 1.18% yesterday and reached 1.028. The GBP to USD exchange rate also inclined by 0.82% to reach 1.607; during November, the GBP to USD slightly declined by 0.1%.
The US Dollar also depreciated against the CHF by 0.73% yesterday and reached 0.900.
Gold price bounced back and inclined on Friday by 1.62% to $1,788.10. During November, gold price inclined by 3.6%.
WTI spot oil price also rose by 1.24% and reached $98.99 per barrel; during November the WTI spot oil price added 6.2% 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:
- Gold and Silver Prices Weekly Outlook for November 7th – 11th
- Forex Market | Weekly Recap 31 October 4 November
Monthly Analysis and Outlook: