Euro/USD Resumed Its Descent –Daily Recap March 14

The Euro resumed its descent and sharply fell during yesterday’s trading against the U.S dollar. Furthermore, many other currencies also sharply depreciated against the U.S dollar including the CHF and Yen. Silver and gold prices tumbled down on Wednesday; crude oil price also declined yesterday.

Here is a summary of the development of major currencies for March 14th:

Forex Market:

The Euros to US Dollar sharply fell by 0.93% to 1.3033; during the month, the EUROS/USD declined by 2.19%. Australian Dollar to US Dollar edged down by 0.71% to 1.0453.

The U.S dollar to Canadian dollar slightly rose to 0.993. During March the USD/CAD exchange rate rose by 0.45%.

The GBP to USD slipped by 0.18% to 1.5676; from the beginning of the month the GBP to USD decreased by 1.49%.

Finally, the U.S Dollar/ Yen sharply rose by 1.69% to 83.73.

Commodities Market:

Silver price tumbled down on Wednesday by 4.17% to $32.18. During March, silver price decreased by 7.1%.

WTI oil price also declined by 1.2% and reached $105.43 per barrel; during the month the WTI slipped by 1.53%.

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 14

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