The Euro/USD changed direction and sharply fell yesterday along with other major exchange rates. Most other Forex currencies also depreciated against the US dollar such as the Australian Dollar, British Pound, Yen and Canadian dollar. Here is a summary of the price movements of major exchange rates for November 23rd:
Forex Market:
The Euros to USD exchange rate sharply fell by 1.21% to reach 1.3342; during November, the EUROS/USD decreased by 3.7%; the US dollar to Canadian exchange rate rose by 0.99% on Wednesday to 1.0486. During November the USD/CAD exchange rate inclined by 4.8%. Furthermore, the Australian Dollar to US Dollar sharply declined by 1.48% yesterday and reached 0.969. The GBP to USD exchange rate also fell by 0.69% to reach 1.5525; during November, the GBP to USD shed 3.5% off its value.
The US Dollar also appreciated against the Yen by 0.44% yesterday and reached 77.3085.
Commodities Market:
Gold price slightly declined on Wednesday by 0.21% to $1,698.80. During November, gold price also declined by 1.5%.
WTI spot oil price also declined by 1.93% and reached $95.87 per barrel; during November the WTI spot oil price added 2.9% 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: