Euro/USD Started the Week with Light Gains–Daily Recap December 27

The Euro/USD continues to zigzag with no clear direction as it started the last week of 2011 with light gains. Major commodities prices were traded with a mixed trend yesterday as gold price declined, while crude oil prices sharply rose. Yesterday, major currencies appreciated against the U.S dollar such as Australian dollar. Here is a summary of the development of major exchange rates for December 27th:

Forex Market:

The Euros to USD exchange rate inclined by 0.21% to reach 1.3072; during December, the EUROS/USD fell by 2.78%. The GBP to USD exchange rate also rose by 0.53% to reach 1.5671; during the month, the GBP to USD slightly decreased by 0.21%. The US dollar to Canadian exchange rate declined by 0.20% on Tuesday to 1.0186. During the month the USD/CAD exchange rate inclined by 0.13%.

The Australian Dollar to US Dollar also increased by 0.06% and reached 1.0158.

The U.S Dollar also depreciated yesterday against the Yen by 0.27% and reached 77.88.

Commodities Market:

Gold price slightly declined on Tuesday by 0.65% to $1,595.50. During December, gold price declined by 8.84%.

WTI spot oil price on the other hand inclined by 1.18% and reached $101.34 per barrel; during December the WTI spot oil price added 0.98% 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:

Exchange Rate Forex euro to us dollar conversion 2011 EURO USD December 27

For further reading:

Yearly Analysis and Outlook:

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