The Forex exchange rate market experienced a rapid shift in direction and the growing concerns from Greece and Italy may have affected major exchange rates: the Euro/USD exchanged rate changed direction and sharply fell yesterday; the US dollar also sharply appreciated against the CAD, CHF and AUD. Here is a summary of the price movements of major exchange rates for November 9th:
The Euros to USD exchange rate sharply declined by 2.11% to reach 1.3542; during November, the EUROS/USD declined by 2.3%; the US dollar to Canadian exchange rate rose by 1.57% on Wednesday to 1.0246. During November the USD/CAD exchange rate inclined by 2.4%. Australian Dollar to US Dollar fell by 2.4% yesterday and reached 1.014.
The US Dollar also sharply appreciated against the CHF by 1.62% yesterday and reached 0.910.
The GBP to USD exchange rate also fell by 1.07% to reach 1.592; during November, the GBP to USD declined by 1.1%.
Gold price moderately declined yesterday by 0.42% to $1,791.60. During November, gold price inclined by 3.8%.
WTI spot oil price also decreased by 1.10% and reached $95.74 per barrel; during November the WTI spot oil price added 2.7% 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: