The Euro/USD started the week with very sharp falls following the EU Summit in Brussels in which the agreement among the European Area countries didn’t satisfy investors and traders and didn’t restore the confidence in the markets.
Yesterday, many other currencies also depreciated 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 12th:
The Euros to USD exchange rate sharply declined by 1.48% to reach 1.3188; during December, the EUROS/USD fell by 1.92%. The Australian Dollar to US Dollar also declined by 1.41% yesterday and reached 1.0073. The US dollar to Canadian exchange rate rose by 1.00% on Monday to 1.0271. During the month the USD/CAD exchange rate inclined by 0.96%. The GBP to USD exchange rate also declined by 0.56% to reach 1.5584; during the month, the GBP to USD fell by 0.76%.
Finally, the US Dollar appreciated yesterday against the Yen by 0.37% and reached 77.9370.
Gold price sharply fell on Monday by 2.83% to $1,668.20. During December, gold price declined by 4.7%.
WTI spot oil price also decreased by 1.65% and reached $97.77 per barrel; during December the WTI spot oil price shed 2.6% 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:
- Gold and Silver Prices Outlook for December 2011
- Natural Gas Prices Monthly Outlook for December 2011