The Euro continued rising for the fifth consecutive day against the U.S Dollar. Many other currencies also appreciated against the U.S Dollar including Australian dollar and GB Pound. Major commodities prices such as gold and silver prices also rose during Friday’s trading.
Here is a summary of the development of major currencies for January 27th:
The Euros to US Dollar sharply increased by 0.85% to 1.3220; during January, the EUROS/USD gained 2.00%. The Australian Dollar to US Dollar also increased by 0.24% to 1.0658.
The U.S dollar to Canadian exchange rate remained unchanged at 1.0018. During January the USD/CAD exchange rate fell by 1.91%.
The GBP to USD rate slightly rose by 0.25% to reach 1.5729; during the month, the GBP to USD increased by 1.20%.
Finally, the U.S Dollar depreciated against the Yen by 0.97% and reached 76.6968.
Gold price slightly rose on Friday by 0.32% to $1,735.4. During January, gold has gained 10.76% to its value.
WTI oil price on the other hand slightly fell by 0.14% and reached $99.56 per barrel; during January the WTI spot oil price added 0.74% to its value.
A Summary of Yesterday’s Exchange Rate Changes:
The table below includes: closing prices, daily percent change, and change in prices and indexes:
For further reading:
- Weekly Outlook for 30 January – 3 February
- Gold and Silver Prices Weekly Outlook for January 30- February 3
- Gold and Silver Prices Outlook for February 2012