The Euro changed direction again and ended yesterday on a positive note as it slightly increased against the USD; many other major currencies also appreciated against the US dollar including Aussie dollar and GBP. Gold price finished Thursday’s trading with slight gains; crude oil prices also rose yesterday.
Here is a summary of the development of major currencies for February 16th:
Forex Market:
The Euros to US Dollar increased by 0.49% at 1.3130; during the month, the EUROS/USD rose by 0.36%. Australian Dollar to US Dollar also slightly increased by 0.54% to 1.0755.
The U.S dollar to Canadian dollar slightly fell to 0.9966. During February the USD/CAD exchange rate fell by 0.60%.
The GBP to USD also increased by 0.69% to 1.5801; from the beginning of the month the GBP to USD rose by 0.27%.
Finally, the U.S Dollar/ Yen rose by 0.64% to 78.94.
Commodities Market:
Gold price very slightly increased on Thursday by 0.02% to $1,728.4. During the month, gold price slightly declined by 0.71%.
WTI oil price also rose by 0.50% and reached $102.31 per barrel; during the month the WTI rose by 3.37%.
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 13-17 February
- Gold and Silver Prices Weekly Outlook for February 13-17
- Gold and Silver Prices Outlook for February 2012