Euro/USD Rallied on Thursday–Daily Recap December 29

The Euro/USD continues to zigzag as it slightly rose yesterday; the recent U.S. unemployment claims may have been among the factors to trade down the U.S. dollar. The depreciation of the U.S. dollar may have also affected major energy commodities prices such as crude oil prices slightly increased. Yesterday, several currencies also appreciated against the U.S dollar such as Australian dollar while other traded down such as GB Pound. Here is a summary of the development of major exchange rates for December 29th:

Forex Market:

The Euros to USD exchange rate slightly rose by 0.15% to reach 1.2961; during December, the EUROS/USD fell by 3.61%. The Australian Dollar to US Dollar also rose by 0.43% and reached 1.0137.

The U.S Dollar also depreciated yesterday against the Yen by 0.39% and reached 77.6365. The US dollar to Canadian exchange rate declined by 0.44% on Thursday to 1.0199. During the month the USD/CAD exchange rate inclined by 0.26%.

The GBP to USD exchange rate on the other hand fell by 0.27% to reach 1.5416; during the month, the GBP to USD decreased by 1.83%.

Commodities Market:

Gold price declined again fell on Thursday by 1.48% to $1,540.90. During December, gold price has declined by 11.96%.

WTI spot oil price on the other hand slightly increased by 0.29% and reached $99.65 per barrel; during December the WTI spot oil price shed 0.71% 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 29

For further reading:

Yearly Analysis and Outlook:

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