The Euro changed direction and after falling for three consecutive days, it ended yesterday with slight gains against the US dollar. Major commodities prices continued to decline yesterday. The sharpest fall came yesterday to the USD to CHF following the decision of the Swiss National Bank not to further intervene in the markets and weaken the Swish Franc.
Most other currencies also changed direction yesterday and appreciated against the US dollar such as the Canadian dollar and Australian dollar. Here is a summary of the development of major exchange rates for December 15th:
The Euros to USD exchange rate slightly rose by 0.26% to reach 1.3016; during December, the EUROS/USD fell by 3.20%. The Australian Dollar to US Dollar also rallied by 0.13% and reached 0.9922. The US dollar to Canadian exchange rate declined by 0.44% on Thursday to 1.0351. During the month the USD/CAD exchange rate inclined by 1.75%. The GBP to USD exchange rate also rose by 0.31% to reach 1.5514; during the month, the GBP to USD decreased by 1.21%.
Finally, the US Dollar depreciated yesterday against the Yen by 0.28% and reached 77.8562.
Gold price declined on Thursday by 0.61% to $1,577.20. During December, gold price declined by 9.89%.
WTI spot oil price also decreased by 1.14% and reached $93.87 per barrel; during December the WTI spot oil price shed 6.47% 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: