The Euro/USD bounced back from its fall on Friday and rallied during yesterday’s trading. Furthermore, the Australian dollar also followed and rose against the USD. Alternatively, most other currencies depreciated against the U.S. dollar including the Canadian dollar and Great Britain Pound. Major commodities prices such as oil and gold price started off the week with sharp gains.
Here is a summary of the development of major currencies for January 23rd:
The Euros to US Dollar rose by 0.64% to 1.3014; during January, the EUROS/USD gained 0.4%. The Australian Dollar to US Dollar also rose by 0.39% and reached 1.053.
The U.S dollar to Canadian exchange rate slipped by 0.46% on Monday to 1.0086. During January the USD/CAD exchange rate fell by 1.2%.
The GBP to USD rate on the other hand slightly fell by 0.06% to reach 1.5567, but during the month, the GBP to USD increased by 0.15%.
The U.S Dollar moderately appreciated against the Yen by 0.02% and reached 77.0232.
Gold price slightly increased on Monday by 0.86% to $1,678.0. During January, gold has gained 7.1% to its price.
WTI oil price also rose by 0.98% and reached $99.42 per barrel; during January the WTI spot oil price added 0.60% 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 23-27 January
- Gold and Silver Prices Weekly Outlook for January 23-27
- Gold and Silver Prices Outlook for January 2012