The Euro/USD continued to trade with very moderate changes as it did during most of the week. All eyes are towards today’s ECB rate decision and tomorrow’s EU Summit in Brussels. Most other currencies also appreciated 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 7th:
The Euros to USD exchange rate slightly inclined again by 0.07% to reach 1.3411; during December, the EUROS/USD fell by 0.26%. The US dollar to Canadian exchange rate slightly declined by 0.01% on Wednesday to 1.0099. During the month the USD/CAD exchange rate declined by 0.73%. The Australian Dollar to US Dollar also inclined by 0.49% yesterday and reached 1.0295. The GBP to USD exchange rate also declined by 0.76% to reach 1.5710; during the month, the GBP to USD rose by 0.04%.
Finally, the US Dollar depreciated yesterday against the Yen by 0.06% and reached 77.6800.
Gold price rallied on Wednesday and rose by 0.75% to $1,744.80. During the month, gold price slightly declined by 0.3%.
WTI spot oil price on the other hand decreased by 0.78% and reached $100.49 per barrel; during December the WTI spot oil price added 0.1% to 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:
- Weekly Outlook for 5-9 December
- Gold and Silver Prices Weekly Outlook December 5-9
- Crude Oil Prices – Weekly Outlook December 5-9
Monthly Analysis and Outlook: