AUD/USD Sharply Fell to on Tuesday –Daily Recap March 20

The Euro/USD didn’t do much during yesterday’s trading as it slightly declined; the Aussie dollar sharply fell yesterday. This may have been because of the speculation regarding an economic slowdown in China, one of the prime importers of Australia’s commodities and products. Furthermore, many other currencies also depreciated against the U.S dollar including the Yen and Canadian dollar. Silver and gold prices also traded sharply down on Tuesday; finally, crude oil price (WTI) also sharply fell yesterday.

Here is a summary of the development of major currencies for March 20th:

Forex Market:

The Euros to US Dollar slightly decreased by 0.1% to 1.3225; during the month, the EUROS/USD declined by 0.75%. Australian Dollar to US Dollar sharply fell by 1.21% to 1.0481.

The U.S dollar to Canadian dollar rose to 0.992. During March the USD/CAD exchange rate edged up by 0.33%.

The GBP to USD also decreased by 0.2% to 1.5863; from the beginning of the month the GBP to USD decreased by 0.31%.

Finally, the U.S Dollar/ Yen rose by 0.42% to 83.7. 

Commodities Market:

Gold price sharply fell on Tuesday by 1.22% to $1,647.0. During March, gold price decreased by 3.76%.

WTI oil price also fell by 2.29% and reached $105.61 per barrel; during the month the WTI slightly decreased by 1.36%.

A Summary of the Changes in Exchange Rates:

The table below includes: closing prices, daily percent change, and daily changes:

Exchange Rate Forex 2012 EURO USD March 21

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