Following the improvement in the U.S. labor as employment grew by 200k during December, the U.S. continued to appreciate against major currencies: the Euro/USD declined for the third straight day; other currencies also depreciation against the U.S. dollar including the Australian dollar; the Canadian dollar also depreciated against the U.S. dollar following the release of the Canadian labor report. Most commodities prices such as crude oil prices and gold and silver prices declined. Here is a summary of the development of major exchange rates for January 6th:
The Euros to USD exchange rate fell by 0.56% to 1.2717; during January, the EUROS/USD fell by 1.88%. The Australian Dollar to US Dollar also declined by 0.35% and reached 1.0228.
The US dollar to Canadian exchange rate inclined by 0.84% on Friday to 1.0284. During January the USD/CAD exchange rate rose by 0.70%.
The GBP to USD exchange rate also slipped by 0.45% to reach 1.5426; during the month, the GBP to USD decreased by 0.75%.
The U.S Dollar depreciated against the Yen by 0.19% and reached 76.9678.
Gold prices moderately declined on Friday by 0.20% to $1,616.80. During January, gold price has inclined by 3.40%.
WTI spot oil price also decreased by 0.25% and reached $101.56 per barrel; during January the WTI spot oil price added 3.02% 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:
Yearly Analysis and Outlook: