Euro/USD Sharply Inclined on Tuesday–Daily Recap December 20

The Euro/USD continues to zigzag and rose following the news from Europe of the potential cash drop on EU banks by ECB . Major precious metals prices changed direction again and sharply rose. Most other currencies also appreciated against the U.S dollar yesterday such as the Yen and Australian dollar. Here is a summary of the development of major exchange rates for December 20th:

Forex Market:

The Euros to USD exchange rate inclined by 0.65% to reach 1.3083; during December, the EUROS/USD fell by 2.70%. The Australian Dollar to US Dollar also sharply increased by 1.86% and reached 1.008. The GBP to USD exchange rate also sharply rose by 1.06% to reach 1.5663; during the month, the GBP to USD slightly decreased by 0.26%.

The U.S Dollar also depreciated yesterday against the Yen by 0.20% and reached 77.887.  The US dollar to Canadian exchange rate declined by 0.88% on Tuesday to 1.0298. During the month the USD/CAD exchange rate inclined by 1.23%.

Commodities Market:

Gold price sharply rose on Tuesday by 1.31% to $1,617.60. During December, gold price declined by 7.58%.

WTI spot oil price also sharply increased by 3.56% and reached $97.22 per barrel; during December the WTI spot oil price shed 3.13% 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:

Exchange Rate Forex euro to us dollar conversion 2011 EURO USD December 20

For further reading:

Monthly Analysis and Outlook:

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