Euro/USD Continued to Trade Up–Daily Recap March 8

The Euro continued its rally for the second consecutive day after the concerns of Greek default have subsided and ECB reported it will keep the Euro interest rate unchanged at 1%; furthermore, many other currencies also trade up against the U.S dollar including Yen and GBP. Silver and gold prices also traded up; crude oil price slightly rose as well.

Here is a summary of the development of major currencies for March 8th:

Forex Market:

The Euros to US Dollar sharply increased by 0.95% at 1.3274; during the month, the EUROS/USD fell by 0.38%. Australian Dollar to US Dollar also rose by 0.58% to 1.0644.

The U.S dollar to Canadian dollar slipped to 0.9903. During March the USD/CAD exchange rate rose by 0.21%.

The GBP to USD edged up by 0.57% to 1.5831; from the beginning of the month the GBP to USD decreased by 0.52%.

Finally, the U.S Dollar/ Yen rose by 0.57% to 81.55.

Commodities Market:

Silver price rose on Thursday by 0.73% to $33.83. During March, silver price decreased by 2.34%.

WTI oil price also increased by 0.4% and reached $106.58 per barrel; during the month the WTI slipped by 0.46%.

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 8

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