The Euro/USD changed direction and moderately declined on the first day of the week after it had rallied on the last couple of days of last week. Major precious metals prices changed direction again and slightly slipped.
Most other currencies also depreciated against the US dollar yesterday such as the Canadian dollar and Australian dollar. Here is a summary of the development of major exchange rates for December 19th:
The Euros to USD exchange rate slightly declined by 0.36% to reach 1.2999; during December, the EUROS/USD fell by 3.32%. The Australian Dollar to US Dollar also decreased by 0.87% and reached 0.9896. The GBP to USD exchange rate also slipped by 0.30% to reach 1.5499; during the month, the GBP to USD decreased by 1.31%.
The US Dollar also appreciated yesterday against the CHF by 0.15% and reached 0.937. The US dollar to Canadian exchange rate inclined by 0.05% on Monday to 1.0389. During the month the USD/CAD exchange rate inclined by 2.12%.
Gold price slightly declined on Monday by 0.08% to $1,596.70. During December, gold price declined by 8.78%.
WTI spot oil price on the other hand increased by 0.37% and reached $93.88 per barrel; during December the WTI spot oil price shed 6.46% 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: