Euro/USD Continued to Rally on Friday –Daily Recap March 16

The Euro/USD continued to trade up on Friday and thus completed a two day rally after it had sharply declined on Wednesday. Furthermore, many other exchange rates also appreciated against the U.S dollar including the Aussie dollar and CHF. Silver and gold traded down on Friday; crude oil price sharply rose on the last day of the week.

Here is a summary of the development of major currencies for March 16th:

Forex Market:

The Euros to US Dollar increased again by 0.73% to 1.3176; during the month, the EUROS/USD declined by 1.12%. Australian Dollar to US Dollar also rose by 0.64% to 1.0592.

The U.S dollar to Canadian dollar slightly declined to 0.992. During March the USD/CAD exchange rate rose by 0.34%.

The GBP to USD sharply increased by 0.85% to 1.5846; from the beginning of the month the GBP to USD decreased by 0.42%.

Finally, the U.S Dollar/ Yen declined by 0.16% to 83.44.

Commodities Market:

Gold price slipped on Friday by 0.37% to $1,655.80. During March, gold price decreased by 3.24%.

WTI oil price on the other hand sharply rose by 1.86% and reached $107.06 per barrel; during the month the WTI remained nearly unchanged.

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 16

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