The forex markets may have reacted to the recent development of the Greek debt negotiations, as the Euro and other major currencies appreciated against the US dollar during yesterday’s trading day. Gold and crude oil prices also changed direction and increased during Tuesday’s trading.
Here is a summary of the development of major currencies for February 7th:
The Euros to US Dollar sharply rose by 0.99% to 1.3260; during the month, the EUROS/USD rose by 1.35%. Australian Dollar to US Dollar also increased by 0.77% to 1.0809.
The U.S dollar to Canadian dollar slightly fell to 0.9945. During February the USD/CAD exchange rate fell by 0.81%.
The GBP to USD rate slightly rose by 0.47% to reach 1.5896; from the beginning of the month the GBP to USD increased by 0.87%.
Finally, the U.S Dollar appreciated against the Yen by 0.28% and reached 76.76.
Gold price increased on Tuesday by 1.36% to $1,748.4. During the month, gold price rose by 0.5%.
WTI oil price also increased by 1.55% and reached $98.41 per barrel; during the month the WTI slipped by 0.1%.
A Summary of Yesterday’s Exchange Rates:
The table below includes: closing prices, daily percent change, and daily changes:
For further reading:
- Gold and Silver Prices Weekly Outlook for February 6-10
- Weekly Outlook for February 6-10
- Gold and Silver Prices Outlook for February 2012