Euro and AUD Sharply Declined again on Tuesday–Daily Recap December 13

Following yesterday’s FOMC meeting in which it was decided to maintain the current policy with no new additions such as QE3 the forex market soon reacted as the Euro/USD continued to sharply decline. 

Yesterday, many other currencies also depreciated against the US dollar such as the GB Pound dollar and Australian dollar. Here is a summary of the development of major exchange rates for December 13th:

Forex Market:

The Euros to USD exchange rate sharply fell again by 1.14% to reach 1.3037; during December, the EUROS/USD fell by 3.04%. The Australian Dollar to US Dollar also slipped by 0.57% yesterday and reached 1.0016. The US dollar to Canadian exchange rate inclined by 0.7% on Tuesday to 1.0343. During the month the USD/CAD exchange rate inclined by 1.67%. The GBP to USD exchange rate also declined by 0.67% to reach 1.5480; during the month, the GBP to USD decreased by 1.43%.

Finally, the US Dollar appreciated yesterday against the Yen by 0.08% and reached 77.9973.

Commodities Market:

Gold price slightly declined on Tuesday by 0.31% to $1,663.10. During December, gold price declined by 4.98%.

WTI spot oil price on the other hand sharply increased by 2.42% and reached $100.14 per barrel; during December the WTI spot oil price shed 0.22% 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 13

For further reading:

 

Monthly Analysis and Outlook:

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