Euro/USD Sharply Fell on Friday–Daily Recap March 9

The Euro changed direction and after it had risen in the past couple of days, it ended Friday’s trading sharply falling against the US dollar. This tumble may have been prompted by the positive news regarding the U.S. labor market as U.S. non-farm employment rose by 227 thousand. This news was a good sign for the progress of the US economy and consequentially may have strengthened the US dollar. Furthermore, many other currencies also trade down against the U.S dollar including Yen and Aussie dollar. Silver and gold prices continued their rally; crude oil price also rose on Friday.

Here is a summary of the development of major currencies for March 9th:

Forex Market:

The Euros to US Dollar sharply decreased by 1.14% at 1.3123; during the month, the EUROS/USD fell by 1.52%. Australian Dollar to US Dollar also traded down by 0.64% to 1.0576.

The U.S dollar to Canadian dollar slightly rose to 0.9905. During March the USD/CAD exchange rate rose by 0.23%.

The GBP to USD slipped by 0.99% to 1.5674; from the beginning of the month the GBP to USD decreased by 1.5%.

Finally, the U.S Dollar/ Yen sharply rose by 1.13% to 82.47. 

Commodities Market:

Silver traded up on Friday by 1.13% to $34.21. During March, silver price decreased by 1.24%.

WTI oil price also rose by 0.77% and reached $107.40 per barrel; during the month the WTI edged up by 0.31%.

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 9

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