The Euro slightly fell again on Tuesday for the second straight day; the concerns over the current Greek debt negotiations might have titled the balance for the Euro to trade down against the U.S. Dollar. Many other exchange rates appreciated against the U.S Dollar including Australian dollar and GB Pound. Major commodities such as silver and crude oil prices also fell during Tuesday’s trading.
Here is a summary of the development of major currencies for January 31st:
The Euros to US Dollar fell by 0.46% to 1.3083; during January, the EUROS/USD grew by 0.94%. The Australian Dollar to US Dollar on the other hand increased by 0.21% to 1.0621.
The U.S dollar to Canadian exchange rate slightly rose to 1.0026. During January the USD/CAD exchange rate fell by 1.83%.
The GBP to USD rate slightly rose by 0.31% to reach 1.5759; during the month, the GBP to USD increased by 1.39%.
Finally, the U.S Dollar depreciated against the Yen by 0.11% and reached 76.2655.
Gold slightly rose on Tuesday by 0.35% to $1,740.4. During January, gold grew by 11.08%.
WTI oil price declined by 0.30% and reached $98.48 per barrel; during January the WTI fell by 0.35%.
A Summary of Yesterday’s Exchange Rates:
The table below includes: closing prices, daily percent change, and daily changes:
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