The Euro/USD changed direction again and sharp declined; other currencies also depreciation against the U.S. dollar including the Australian dollar and GB Pound. Energy commodities prices such as crude oil prices slightly rose, and gold price also inclined on the second business day of the week. Here is a summary of the development of major exchange rates for January 4th:
Forex Market:
The Euros to USD exchange rate fell by 0.82% to 1.2944; during January, the EUROS/USD fell by 0.13%. The Australian Dollar to US Dollar moderately declined by 0.09% and reached 1.0369.
The U.S Dollar depreciated yesterday against the Yen by 0.02% and reached 76.7190. The US dollar to Canadian exchange rate inclined by 0.24% on Wednesday to 1.0128. During January the USD/CAD exchange rate inclined by 0.24%.
The GBP to USD exchange rate also fell by 0.19% to reach 1.5620; during the month, the GBP to USD increased by 0.5%.
Commodities Market:
Gold prices rose on Wednesday by 0.76% to $1,612.70. During January, gold price has inclined by 2.93%.
WTI spot oil price also increased by 0.25% and reached $103.22 per barrel; during January the WTI spot oil price added 4.44% 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:
Monthly Analysis and Outlook:
- Gold and Silver Prices Monthly Outlook for December 2011
- Natural Gas Prices Monthly Outlook for December 2011
Yearly Analysis and Outlook: