The Euro/USD changed direction and started off 2012 with sharp rally; other currencies also appreciation against the U.S. dollar including the Australian dollar and Canadian dollar. Energy commodities prices such as crude oil prices sharply rose as well, and precious metals prices bounced back and also sharply inclined on the first business day of the week. Here is a summary of the development of major exchange rates for January 3rd:
The Euros to USD exchange rate rose by 0.69% to 1.3051; during December, the EURO/USD fell by 3.61%. The Australian Dollar to US Dollar sharply inclined by 1.66% and reached 1.0378.
The U.S Dollar also depreciated yesterday against the Yen by 0.23% and reached 76.7355. The US dollar to Canadian exchange rate declined by 1.07% on Tuesday to 1.0104. During the recent month the USD/CAD exchange rate inclined by 0.39%.
The GBP to USD exchange rate also rose by 0.68% to reach 1.5649; during the month, the GBP to USD decreased by 1.03%.
Gold price sharply rose on Tuesday by 2.15% to $1,600.50. During December, gold price has declined by 10.48%.
WTI spot oil price also sharply increased by 4.18% and reached $102.96 per barrel; during December the WTI spot oil price shed 1.52% off 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: