Euro/USD Slightly Slipped on Wednesday–Daily Recap December 21

The Euro/USD continues to change direction as it slightly slipped yesterday despite the news from Europe of ECB granting loans to struggling EU banks. Major precious metals prices also changed direction again and slightly declined. On the other hand, most other currencies appreciated against the U.S dollar yesterday such as the Canadian dollar and Australian dollar. Here is a summary of the development of major exchange rates for December 21st:

Forex Market:

The Euros to USD exchange rate slightly declined by 0.28% to reach 1.3047; during December, the EUROS/USD fell by 2.97%. The U.S Dollar also appreciated yesterday against the Yen by 0.22% and reached 78.0615. The Australian Dollar to US Dollar on the other hand increased by 0.24% and reached 1.0104. The GBP to USD exchange rate also rose by 0.08% to reach 1.5675; during the month, the GBP to USD slightly decreased by 0.18%.

The US dollar to Canadian exchange rate declined by 0.31% on Wednesday to 1.0266. During the month the USD/CAD exchange rate inclined by 0.91%.

Commodities Market:

Gold price slipped on Wednesday by 0.25% to $1,613.60. During December, gold price declined by 7.81%.

WTI spot oil price on the other hand increased by 1.34% and reached $98.52 per barrel; during December the WTI spot oil price shed 1.83% 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 21

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