The Euro continued to trade down against the US dollar as it finished yesterday’s trading in the red; on the other hand, many other currencies slightly appreciated against the U.S dollar including Aussie dollar and Canadian dollar. Silver and gold prices bounced back and rose from Wednesday’s tumble; crude oil price on the other hand sharply increased yesterday.

Here is a summary of the development of major currencies for March 1^st:

Forex Market:

The Euros to US Dollar slightly decreased by 0.11% at 1.3311; during the week, the EUROS/USD fell by 1.00%. Australian Dollar to US Dollar on the other hand increased by 0.72% to 1.0809.

The U.S dollar to Canadian dollar also fell to 0.9856. During the week the USD/CAD exchange rate fell by 1.4%.

The GBP to USD edged up by 0.28% to 1.5957; from the beginning of the week the GBP to USD rose by 0.5%.

Finally, the U.S Dollar/ Yen slipped by 0.04% to 81.12. 

Commodities Market:

Silver price bounced back and rose on Thursday by 2.94% to $35.66. During the week, silver price increased by 0.7%.

WTI oil price on the other hand sharply increased by 1.65% and reached $108.84 per barrel; during the week the WTI slipped by 0.6%.

A Summary of Yesterday’s Exchange Rates:

The table below includes: closing prices, daily percent change, and daily changes:

For further reading:

• Weekly Outlook for February 27- March 2
• Gold and Silver Prices Weekly Outlook for February 27- March 2