The Euro bounced back and slightly rose on Wednesday; the upcoming testimony of Bernanke and the U.S. unemployment claims weekly repost might affect today’s forex trading. Many other exchange rates also appreciated against the U.S Dollar including Australian dollar and Canadian dollar. Silver and gold prices rose while energy commodities such as crude oil prices fell during Wednesday’s trading.
Here is a summary of the development of major currencies for February 1st:
The Euros to US Dollar bounced back by 0.46% to 1.3160; during the week, the EUROS/USD fell by 0.50%. The Australian Dollar to US Dollar also increased by 0.79% to 1.0705.
The U.S dollar to Canadian dollar slightly slipped to 0.9986. During the week the USD/CAD exchange rate fell by 0.3%.
The GBP to USD rate slightly rose by 0.48% to reach 1.5834; from the beginning of the week the GBP to USD increased by 0.7%.
Finally, the U.S Dollar slightly depreciated against the Yen by 0.09% and reached 76.1963.
Gold rose again on Wednesday by 0.52% to $1,749.5. During the week, gold price grew by 0.8%.
WTI oil price decreased by 0.88% and reached $97.61 per barrel; during the week the WTI fell by 2.0%.
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