The Euro/USD started the week slightly rising. The recent announcement of S&P to downgrade Germany and Frances’ credit rating if the EU leaders won’t reach an agreement among themselves in the upcoming EU summit over the debt crisis may affect today’s trading and pressure down the Euro against other currencies including the US dollar. Most other currencies also appreciated yesterday against the US dollar such as the Australian dollar and Canadian dollar. Here is a summary of the development of major exchange rates for December 5th:
The Euros to USD exchange rate slightly rose by 0.07% to reach 1.3401; during December, the EUROS/USD fell by 0.3%. The US dollar to Canadian exchange rate fell by 0.29% on Monday to 1.0165. During the month the USD/CAD exchange rate declined by 0.1%.
The Australian Dollar to US Dollar inclined by 0.54% yesterday and reached 1.027. The GBP to USD exchange rate also inclined by 0.33% to reach 1.5648; during the month, the GBP to USD slipped by 0.4%.
Finally, the US Dollar depreciated against the Yen by 0.22% yesterday and reached 77.82.
Gold price declined on Monday by 0.96% to $1,734.50. During the month, gold price slightly declined by 0.9%.
WTI spot oil price on the other hand slightly increased by 0.03% and reached $100.99 per barrel; during December the WTI spot oil price added 0.6% 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:
- Weekly Outlook for 5-9 December
- Gold and Silver Prices Weekly Outlook December 5-9
- Crude Oil Prices – Weekly Outlook December 5-9
Monthly Analysis and Outlook: