Euro/USD Slightly Inclined on Friday–Daily Recap December 16

The Euro slightly rose on the last day of the week after it had declined during most of the week against the US dollar. Major precious metals prices changed direction and rallied from the sharp falls they had had earlier this week.

Most other currencies also appreciated against the US dollar yesterday such as the Swiss Franc and Australian dollar. Here is a summary of the development of major exchange rates for December 16th:

Forex Market:

The Euros to USD exchange rate slightly inclined by 0.23% to reach 1.3046; during December, the EUROS/USD fell by 2.97%. The Australian Dollar to US Dollar also rose by 0.61% and reached 0.9983. The GBP to USD exchange rate also rose by 0.20% to reach 1.5545; during the month, the GBP to USD decreased by 1.01%.

The US Dollar also depreciated yesterday against the CHF by 0.43% and reached 0.936.  The US dollar to Canadian exchange rate on the other hand inclined by 0.32% on Friday to 1.0384. During the month the USD/CAD exchange rate inclined by 2.07%.

Commodities Market:

Gold price inclined on Friday by 1.31% to $1,597.90. During December, gold price declined by 8.71%.

WTI spot oil price on the other hand decreased by 0.36% and reached $93.53 per barrel; during December the WTI spot oil price shed 6.81% 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 16

For further reading:


Monthly Analysis and Outlook:

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